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

Calculate annual revenue, Bentley Plastics Ltd. Has annual fixed cost of $4...

Bentley Plastics Ltd. Has annual fixed cost of $450,000, variable costs of $15 per unit and a contribution rate of 40% a.    What annual revenue is required to break even? b.

Calculate cost of direct manufacturing labour, Dixon Corporation was establ...

Dixon Corporation was established on January 1, Year 1.  The firm has 2 divisions, Division A and Division B.  Division A manufactures standard carpets, and Division B manufactures

Decision making, Decision Making Nature of Decision-making Deci...

Decision Making Nature of Decision-making Decision-making may fall into any type of the following categories as: 1. Short run operational decisions 2. Short run t

Identify the stakeholders and organization, i.   Identify the organization ...

i.   Identify the organization ii.  Identify the stakeholders iii. Give the major requirements for the IT application iv. Reflect on how difficult it was to do the require

The fixed overhead price variance, DEF Municipality uses a standard absorpt...

DEF Municipality uses a standard absorption costing system to control the cost of one of its services, namely the supply of water to its constituents. The fixed budget for the reti

Calculate average cost and marginal cost, Farmer Dorr figures that her fixe...

Farmer Dorr figures that her fixed costs are $2,000, and the relevant portion of her total cost curve is:                                           Thousands of

Optimal profit maximizing pricing strategy, Now assume that it is possible ...

Now assume that it is possible to distinguish consumer types one and two and there are no consumers of type three and the firm can charge a two part tariff. What would the optimal

Calculate the following overhead variances, Planned                        ...

Planned                            Actual                Production                                                         92,000 units                     87,000 units

Prepare a report for profitability of a company, The following information ...

The following information has been prepared for XYZ Ltd by their assistant accountant. The risk free rate of interest on government securities in 2008 is 7.3% Required:

Calculate the breakeven fee income, A company provides several different se...

A company provides several different services to its customers from a single office. Fixed costs of the office, including staff costs, are absorbed into the company's service costs

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