Compute cost, Cost Accounting

Assignment Help:

Your company completed the East Side subdivision. The costs are shown in
Figure 11-4. The site concrete labor and outside lighting were done by
subcontractors. The grading and excavation, sanitary sewer, water line, and
storm drain were done by the company's excavation crew. The company's
minimum profit and overhead markup is 15%. Determine the profit
generated by the estimator, project management, and the excavation crew
on this project.
Job: 424 East Side Subdivision Sept. 1, 2004
Contract Billed --------------------Costs----------------------
Code Description Amount to Date Actual Budget Overrun
2100 Grading & Excavation 57,800 59,000 -1,200
2400 Sanitary Sewer 27,365 28,200 -835
2450 Water Line 31,750 31,000 750
2500 Storm Drain 16,850 17,000 -150
2610 Site Conc.-Labor 19,200 19,200 0
2620 Site Conc.-Concrete 21,265 20,900 365
2900 Outside Lighting 23,600 23,600 0
Job Total 234,699 234,699 197,830 198,900 1,070


Related Discussions:- Compute cost

How would i calculate the debt amortization, How would I calculate the debt...

How would I calculate the debt amortization for a bond issued at discount with a maturity of 12 years, market interest rate at issue 10% annually, 5% semi annually, and has a state

Methods of labour remuneration, Methods of Labour Remuneration There L...

Methods of Labour Remuneration There Labour remuneration methods can be broadly classified into two factors as: i. Time rate or on the basis of the time spend in the factor

Calculate the allocations and totals, A company wishes to devise a fair mea...

A company wishes to devise a fair means of allocating funds to its four main departments, namely Accounts, Production, Sales and Transport. The total allocation is to be £100,000.

Investment, under which type of asset the investment comes

under which type of asset the investment comes

Briefly decribe the benefits of a cash budget, You are provided with the su...

You are provided with the subsequent information relating to Cello Ltd. The accountant is currently preparing the budget for the next three months ending 30 June 2010.

Can fca help compare opening a new landfill, Q. Can FCA Help Compare Openin...

Q. Can FCA Help Compare Opening A New Landfill Versus Building A Wasteto-Energy Incinerator? Ans. Yes. The principles of FCA are precisely the same no matter how you relat

Costs and revenues over a range of activity levels, 1. Single product or si...

1. Single product or single mix of products 2. Variable cost, fixed cost and selling price are constant 3. The level of production will equal the level of sales Example:

Test accounting of monetary instruments, This question tested the accountin...

This question tested the accounting of monetary instruments, especially an asset held at reasonable value through loss or profit. The preparation of the journal for subsequent and

Making variance analysis more meaningful, Making Variance Analysis More Mea...

Making Variance Analysis More Meaningful To compose variance analysis as useful aid to management is the main objective of variance calculations.  However this can only be don

Prepare a spreadsheet of an overhead budget, Prepare a spreadsheet of an ov...

Prepare a spreadsheet of an overhead budget for the company in Problem 5 on page 216 of the textbook. You have been running a construction company out of your home with your spouse

Write Your Message!

Captcha
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