+1-415-670-9189
info@expertsmind.com
Cost-plus time and materials ethics r amp c mechanical
Course:- Accounting Basics
Reference No.:- EM13601541




Assignment Help
Assignment Help >> Accounting Basics

Cost-plus, time and materials, ethics. R & C Mechanical sells and services plumbing, heating, and air conditioning systems. R & C's cost accounting system tracks two cost categories: direct labor and direct materials. R & C uses a time-and-materials pricing system, with direct labor marked up 100% and direct materials marked up 60% to recover indirect costs of support staff, support materials, and shared equipment and tools, and to earn a profit.
R & C technician Greg Garrison is called to the home of Ashley Briggs on a particularly hot summer day to investigate her broken central air conditioning system. He considers two options: replace the compressor or repair it. The cost information available to Garrison follows:
Labor Materials
Repair option 5 hrs. $100
Replace option 2 hrs. $200
Labor rate $30 per hour

Required
• 1. If Garrison presents Briggs with the replace or repair options, what price would he quote for each?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
A manufacturer must decide whether to extend credit to a retailer who would like to open an account with the firm. Past experience with new accounts indicates that 45% are h
On May 31, 2011, James Logan Company had a cash balance per books of $6,602.94. The bank statement from Farmers State Bank on that date showed a balance of $6,375.10. A comp
Determine associated accounting constraints and enabling processes and identify and define the Stakeholders and their stake - Determine associated accounting constraints and e
Barnes and Miller manufacturing is trying to determine the equivalent units for coversion costs with 3000 units of ending work in process at 80% completion and 14000 physica
Explain from a ‘public interest theory perspective' the rationale for RP introducing the legislation and how RP will ultimately assess whether any proposed legislation shoul
The following data were provided by the detailed payroll records of ABC Company for the last week of March 2016, which will not be paid until April 5, 2016: FICA taxes at a
Mayaguez Corporation provides its officers with bonuses based on net income. For 2014, the bonuses total $350,000 and are paid on February 15, 2015. Prepare Mayaguez's Decem
What is the amount of Joel's realized gain, what is the amount and character of its recognized gain (if any), and what is its basis in the land it received from Sara in the