User Account

All Pages

Compute the total estimated bid for the parkway project

Assignment Help Accounting Basics
Reference no: EM131699070

Question - Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for 2016 are as follows.

WATERWAYS CORPORATION Budgeted Costs for Irrigation Projects for 2016

Time Charges Material Loading

Charges Labor wages (5,750 hours) $240,000

Supervisor's salary $ 60,000

Clerical and accountant wages 60,000 4,000

Irrigation supplies manager 40,000

Overhead 53,950 21,000

Total $353,950 $125,000

Waterways has budgeted for 5,750 labor hours. It desires a $14 profit margin per hour of labor and 16% profit on materials. It estimates the total invoice cost of materials in 2016 will be $640,000.

Waterways has received a request for a bid to do a parkway for the city. The irrigation manager estimates that it will take about a month to complete the project and require 480 hours of labor and $80,000 of materials. Compute the total estimated bid for the parkway project.

Reference no: EM131699070

Questions Cloud

Explain the underlying causes and effects of terrorism : In the role of staff officer, you must convey the critical elements of this second scholarly journal article to your program manager.
Disadvantage of using a price skimming strategy : Which of the following is a potential disadvantage of using a price skimming strategy?
Better positioning statement for jeep cherokee : What is a better positioning statement for Jeep Cherokee compared to their current one?
What is the time standard in minutes and piece : What is the time standard in minutes/piece (before allowances)?
Compute the total estimated bid for the parkway project : Waterways has received a request for a bid to do a parkway for the city. Compute the total estimated bid for the parkway project
Identify three web sites that offer mobile services : Discuss both their potential usefulness and how willing you believe consumers or businesses will be to use these services and even to pay for them.
Discuss the implementation of the personal responsibility : List and explain at least three strategies states used to respond to welfare reform following the implementation of the Personal Responsibility
Effectiveness of branding efforts on the internet : What kinds of variables are needed to measure the effectiveness of branding efforts on the Internet? Where are these measures obtained?
Estimate the simple linear regression relationship : Recently, research efforts have focused on the problem of predicting a manufacturer's market share by using information on the quality of its product.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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