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Given a total labor cost of $320,000, a Fringe Benefits rate of 43%, an Overhead Rate of 62%, a General & Administrative rate of 12%, Other Direct Costs of $27,000, and a desired Fee of 9%:
What is the Cost Factor?
What is the Price Factor?
What should the total bid price be?
Fastball Delivery Company acquired an adjacent lot to construct a new warehouse, paying $41,000 and giving a short-term note for $319,000. Legal fees paid were $2,070, delinquent taxes assumed were $10,200, and fees paid to remove an old building fro..
Can you oftain a copy of the full text of these statements from this web site? Does FASB charge for its statements, or are they provided free of charge?
Hutchinson Company had retained earnings of $15,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings was restricted for plant expansion and $1,000 was restricted for bond repayments. Cash of $2,000 had been set asi..
After the accountant of Merkel Engineering Co had prepared the draft financial statement for the year ended 31 March Year? 5, the following errors came to? light: A trade receivable of? £3,500 was recorded as outstanding at the year end but had been ..
Imagine that you are the cost accounting manager and the director of your present or past organization. Management wants your opinion on whether the company should manufacture a new electric car. You informed management that you will need to perform ..
journalizing the transactions involving stock issues and purchases.garner corporation is authorized to issue 1000000
Suppose a tax reform bill is enacted that causes the corporate tax rate to change from 34% to 36%. How would this affect an existing deferred tax liability? How would the change be reflected in income?
Considering the audit procedures Wever developed, what is the most appropriate sampling unit for conducting most of the audit sampling tests?
Find the Accounts Receivable. How much is the "net amount"? How much is the "gross amount"?. Do you think the Allowance for Uncollectible Accounts is a reasonable estimate of the uncollectible accounts? Why?
Jack is a cash basis, calendar year taxpayer. Jack borrowed $10,000 from Tom in 2010 in a business transaction. The terms of the loan called for Jack to pay annual interest at 6% with the principle due in December of 2015. What amount would Jack rec..
On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $3..
What is the normal spoilage rate?Prepare the journal entries to record the normal spoilage, assuming the following:The spoilage is related to a specific job.The spoilage is common to all jobs.The spoilage is considered to be abnormal spoilage.
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