Jeelani construction company is composed of two divisions 1

Assignment Help Accounting Basics
Reference no: EM13599158

Jeelani Construction Company is composed of two divisions: (1) Home Construction and (2) Commercial Construction. The Home Construction Division is in the process of building 12 houses and the Commercial Construction Division is working on 3 projects. Cost items of the company follow. Company president's salary Depreciation on crane used in commercial construction Depreciation on home office building Salary of corporate office manager Wages of workers assigned to a specific construction project Supplies used by the Commercial Construction Division Labor on a particular house Salary of the supervisor of commercial construction projects Supplies, such as glue and nails, used by the House Construction Division Cost of building permits Materials used in commercial construction projects Depreciation on home building equipment (small tools such as hammers or saws)

Required

A. Identify each cost as being a direct or indirect cost assuming the cost objects are individual products (houses or projects).

B. Identify each cost as being a direct or indirect cost, assuming the cost objects are the two divisions.

C. Identify each cost as being a direct or indirect cost, assuming the cost object is Jeelani Construction Company as a whole.

Reference no: EM13599158

Questions Cloud

For many years dover company manufactured a single product : for many years dover company manufactured a single product called a mono-relay. then three years ago the company
After seeing these figures roamings president remarked that : roaming bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles which are
Identify each cost as being relevant or irrelevant to ms : leah friend is trying to decide which two different kinds of candy to sell in her retail candy store. one type is a
Imperial jewelers is considering a special order for 20 : imperial jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a
Jeelani construction company is composed of two divisions 1 : jeelani construction company is composed of two divisions 1 home construction and 2 commercial construction. the home
Hayase corporation processes sugar beets that it purchases : hayase corporation processes sugar beets that it purchases from farmers. sugar beets are processed in batches. a batch
The representative who processed 1000 customer complaints : stevens air is a large airline company that pays a customer relation representative 4000 per month. the representative
Prepare the journal entries to record income tax expense : 1. depreciation reported on the tax return exceeded depreciation reported on the income statement by 120000. this
Part j88 is used in one of quinney corporations products : part j88 is used in one of quinney corporations products. the company makes 3000 units of this part each year. the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Additional information indicates that programs 4 and 10

quad-states community service agency expended federal awards during the most recent fiscal year in the following

  Replacement machine out right

Assume that Nigel wouldlike to be debt-free by the time that he replaces the machine, and that he wants to buy the replacement machine out right, rather thantaking out another loan.

  Prepare a retained earnings statement for the year

Prepare a retained earnings statement for the year - Castle Corporation had retained earnings of $550,000. During the year, Castle had the following selected transactions.

  What is bonds interest expense for the year ended december

The company's fiscal year ends on December 31, and this is its only bond issue. What is the bonds interest expense for the year ended December 31, 2011?

  Prepare a statement of cash flows using the direct method

the comparative balance sheet of charles inc. for december 31 2014 and 2013 is shown as followsdec. 31 2014dec. 31

  Sniffing out fraudulent activity

What other data points should auditors look out for when sniffing out fraudulent activity?

  Red pine inc established a 400 petty cash fund several

red pine inc. established a 400 petty cash fund several months ago and replenishes it at the end of each month. during

  The book value of jji assets and owners equity before the

during the current year peterson data coorporation purchased all of the outstanding common stock of junior jackson inc.

  Tax consulting for estates and trusts

Hammond and Jarrett provide tax consulting for estates and trusts. Their job-costing system has a single direct-cost category (professional labor) and a single indirect-cost pool (research support).

  Perform the audit on a fortune

Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering (IPO

  If the fixed manufacting cost were 42900 and te variable

on october the end of the first month of operation als company prepparte the following income statment based on

  What information do i need to consider when doing an income

what information do i need to consider when doing an income statement and the following has occured one client had

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!

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