Job-order costing for each of its installations and repairs

Assignment Help Accounting Basics
Reference no: EM131072185

Yoste Roofing uses job-order costing for each of its installations and repairs. Overhead is allocated based on the cost of roofer's wages. At the start of the year, annual roofer were estimated to be $575,000 based on 34,000 labor hours, and company overhead was estimated to be $630,000.

a.Briefly state why the use of a predetermined overhead rate would be preferred to assigning actual overhead to repair jobs. .

b.If a roofing job required shingles costing $4,000 and roofer time costing $6,800, how much will be the total cost of the job?

Reference no: EM131072185

Questions Cloud

Assume that costs remain constant : Include a PPF graph for each country in your paper
Why is some occupations exempt from overtime pay : Are you in agreement with the decision of the court? If you agree or disagree with the court's decision, explain why. What advice would you give to employers from this case?
Identifying the relevance and importance of ideas : Write a short paper that critically analyses the ideas or position presented in the case reading - Draw in references from at least one reputable outside resource related to the topic to support your conclusions or proposed decisions
What is the pattern of comparative advantage here : What is the pattern of comparative advantage here?
Job-order costing for each of its installations and repairs : Yoste Roofing uses job-order costing for each of its installations and repairs. Overhead is allocated based on the cost of roofer's wages. At the start of the year, annual roofer were estimated to be $575,000 based on 34,000 labor hours, and compa..
Draw the production possibility frontier for each economy : Draw the US consumption possibility frontier under the assumption that it can trade at Canada's rate of transformation.
What would you recommend for a portfolio in retirement : What would you recommend to reach their goal now and in retirement? What changes should they make now to their portfolio? What would you recommend for a portfolio in retirement with what rate of return?
Write a review on disaggregating neighborhood and community : write a review on given articles - Disaggregating Neighborhood and Community Center Property Types by William G. Hardin III and Jon Carr
Communication skills - oral presentations : ACC 303 - Learning Outcome 4: Develop written communication strategies to enable the effective presentation of accounting information to accountants and non-accountants (working in teams).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Information about taxation

Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not?

  Cash dividends on preferred stock

The income statement for Roland Inc. shows income before income taxes $700,000, income tax expenses $210,000, and net income $490,000. If Roland declared $150,000 of cash dividends on preferred stock and has 100,000 shares of common stock outstand..

  Enciso corporation is preparing its cash budget for

enciso corporation is preparing its cash budget for november. the budgeted beginning cash balance is 31000. budgeted

  Determining standard quantity in kilograms

The allowance for rejects is 0.11 kilogram of this input for each unit of output. The standard quantity in kilograms of this input per unit of output should be:

  An insurance company contract with artists to exhibit their

an insurance company contract with artists to exhibit their works to the public. aoti has agreed to pay as well known

  Averge room rate different from the rack rate

Why is the averge room rate different from the rack rate? Rack rate is the full price of a room before the discounts are applied

  Lifetime distribution markets classic childrens books at

lifetime distribution markets classic childrens books. at the beginning of june lifetime had in beginning inventory

  Initially start a service or once the service is complete

Initially start a service or once the service is complete?

  Calculate the preliminary sample size

Calculate the preliminary sample size using a 100% average misstatement assumption.

  Termination of a partnership for federal tax purposes

Which of the following transactions will not result in termination of a partnership for federal tax purposes? a) The partnership is incorporated. b) A 70% interest in partnership capital and profits is sold to a third party purchaser.

  Acceptable on the grounds of efficiency

Some argue that insider trading brings information to the market more quickly and thus is morally acceptable on the grounds of efficiency. Do you agree with that argument? Why or why not?

  Audit objectives for complex financial instruments

Provide examples of important audit objectives for complex financial instruments and transactions For each audit objective that you identify, list one or more audit procedures that could be used to accomplish that objective.

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