User Account

All Pages

Actual hours actual cost partner 90 15750 associate 280

Assignment Help Accounting Basics
Reference no: EM13480506

Software Associates Software Associate (SA) is a computer software consulting firm that specializes in designing and implementing integrated marketing database warehousing programs. Humphrey Catalog is a client. In preparing its bid, SA is total labor for this project to be $222,500 broken down as follows: Budgeted hours Budgeted Wages Budgeted Wages Partner 100 $175 $17,500 Associate 300 120 36,000 Sr. Analyst 600 90 54,000 Analyst 1,000 40 40,000 Programmer 3,000 25 75,000 Total $222,500 After computing the Humph contract, SA reports the following:

Actual hours Actual Cost Partner 90 $15,750 Associate 280 35,000 Sr. Analyst 750 63,750 Analyst 1,400 49,000 Programmer 3,600 82,800 Total $246,300 a.Prepare a project report for Humphrey' s project b. Offer a plausible explanation for SA's performance on Humphrey's project.

 

Reference no: EM13480506

Questions Cloud

Database research strategies include defining the research : database research strategies include defining the research necessary to answer the research question. consider the
The 2011 balance sheet of annas tennis shop inc showed : the 2011 balance sheet of annas tennis shop inc showed 490000 in common stock account and 3.4 million in the additional
Knedler corporation is preparing a bid for a special order : knedler corporation is preparing a bid for a special order that would require 720 liters of material c01d. the company
Overhead is applied to production at the rate of 15 per : atkinsons reliable tools makes two products that use similar raw materials 587q and 253x. estimated production needs
Actual hours actual cost partner 90 15750 associate 280 : software associates software associate sa is a computer software consulting firm that specializes in designing and
Identify and describe a technique to compute equity value : identify and describe a technique to compute equity value only using accounting
Kubicki company operates a chain of designer bags and shoes : kubicki company operates a chain of designer bags and shoes stores in the houston area. this year the company achieved
Great southern furniture ed koehler started great southern : great southern furniture ed koehler started great southern furniture five years ago to assemble prefabricated bedroom
The beginning inventory was 60 complete for conversion : month of april.beginning wipnbspnbspnbsp nbspnbspnbsp 18000 unitsnbspnbspnbsp started in productionnbspnbspnbsp

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entries and trial balance for cookie creations

In November 2006 after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided to not pursue the offer to supply cookies to Biscuits. Instead she will focus on offering cooking classes. The following events occur. Pre..

  Distinguish between debt securities and equity securities

Examine the accounting for investments. Be sure to distinguish between debt securities and equity securities and provide examples. Who uses derivatives and why?

  Compute chipco''s total foreign tax credit

Chipco paid $15 million of foreign taxes on its foreign-source manufacturing profits and $2 million of foreign taxes on its foreign- source passive investment income. Assume that the U.S. tax rate is 35%.

  Norman co borrowed 15000 from local bank on april 1 2012

norman co. borrowed 15000 from the local bank on april 1 2012 when the company was started. the note had an 8 percent

  Marketing manager recommendation

The marketing manager has recommended that the selling price be increased by 20%, with an expected decrease of only 10% in unit sales. What would be the company's net operating income if the marketing manager's recommendation is adopted?

  Weighted average shares outstanding

The common stock equivalents added to the company's weighted average shares outstanding used for basic earnings per share was computed using the treasury stock methods.

  Debited cost of goods sold

Sanger Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the basis of this information, one can conclude that:

  Explain the meaning of the various designations

One class of deductions is variously described as deductions for AGI, above-the-line deductions, and page 1 deductions. Explain the meaning of the various designations.

  Compute the work-in-process

Compute the work-in-Process transferred to the finished goods warehouse on April 30 using the following information:

  Profitability as measured by return on sales

Disney has four primary business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products. Which of these four has the best 2007 profitability as measured by return on sales?

  Generate forecasts of the outlays

What factors are likely to drive an organization's outlays for new capital(such as plant, property and equipment) and for working captial( such as receivables and inventory)? what ratios would you use to help generate forecasts of these outlays?

  Pricing the original contract

Calculate the amount of the final price adjustment because of defective pricing based on the Contractor unintentionally overpriced their material costs by $75,000 and under-priced their direct manufacturing labor costs by $50,000. Overhead rates u..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd