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Your company completed the East Side subdivision. The costs are shown inFigure 11-4. The site concrete labor and outside lighting were done bysubcontractors. The grading and excavation, sanitary sewer, water line, andstorm drain were done by the company's excavation crew. The company'sminimum profit and overhead markup is 15%. Determine the profitgenerated by the estimator, project management, and the excavation crewon this project.Job: 424 East Side Subdivision Sept. 1, 2004Contract Billed --------------------Costs----------------------Code Description Amount to Date Actual Budget Overrun2100 Grading & Excavation 57,800 59,000 -1,2002400 Sanitary Sewer 27,365 28,200 -8352450 Water Line 31,750 31,000 7502500 Storm Drain 16,850 17,000 -1502610 Site Conc.-Labor 19,200 19,200 02620 Site Conc.-Concrete 21,265 20,900 3652900 Outside Lighting 23,600 23,600 0Job Total 234,699 234,699 197,830 198,900 1,070
AOL is considering two proposals to overhaul its network infrastructure. They have received two bids. The first bid, from Huawei, will require a $20 million upfront investment and
The Pacific Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based
Purposes of Overhead Cost Analysis There are a number of situations whether the analysis of overhead costs will assist in the satisfactory evaluation of the relevant cost data
what are the features of uniform costing
Direct Labour Budget It represents the forecasts of indirect and direct labour requirements to meet the demands of the company throughout the budget period. Therefore the budg
ANNUAL DEMAND = 2400 UNITS ORDERING COST PER UNIT = RS.4.00/- UNIT PRICE = RS 2.40/- STORAGE COST = 2% P.A INTEREST RATE = 10 % P.A LEAD TIME = HALF MONTH CALCULATE ECONOMIC ORDER
Determine Opportunity Costs A company has material B in stock that originally cost Shs. 5000 for the 1000 Kshs in stores. The material is missing over from an old purchase ord
what is labour
concepts of accounting
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:
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