Job costing, Cost Accounting

Assignment Help:

Your company completed the site work for the South Pointe office complex. The costs are shown in Figure 11-3. The site concrete labor and landscaping were done by subcontractors. The demolition and grubbing and the grading and excavation 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: 411 South Pointe Site Work May 15, 2004
Contract Billed ----------------------Costs----------------------
Code Description Amount to Date Actual Budget Overrun
2050 Demolition & Grubbing 33,562 35,000 -1,438
2100 Grading & Excavation 20,500 19,500 1,000
2610 Site Conc.-Labor 19,200 19,200 0
2620 Site Conc.-Concrete 9,375 9,900 -525
2700 Landscaping 37,500 37,500 0
Job Total 138,000 128,000 120,137 121,100 -963


Related Discussions:- Job costing

Costs, discuss stages of accounting for costs

discuss stages of accounting for costs

Taxable transfers, Greta Grantor made $1 million of taxable gifts in 2009, ...

Greta Grantor made $1 million of taxable gifts in 2009, the only taxable gifts she made prior to this year.  Greta was married on January 2nd of this year to Gerard Gold digger. De

Homework, i need help on my homework

i need help on my homework

Explain stock valuation, G. Mills was appointed a local agent for the High ...

G. Mills was appointed a local agent for the High Power Mobile Workshop Bolt (HPMW-B) on 1 April 2009. The HPMW-B is manufactured by Mobile Equipment Ltd (MEL). The company charges

Budgeting, traditional budgeting systems are incremental in nature and tend...

traditional budgeting systems are incremental in nature and tend to focus on cost centres..explain the weakness of the incremental budgeting system and explain ways of adressing th

Audit plan, 1. You are required to download the latest annual report publis...

1. You are required to download the latest annual report published by one of the following institutions: - Adult Multicultural Education Services - Centre for Adult Education

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.

Methods of allocating service costs, Methods of Allocating Service Costs ...

Methods of Allocating Service Costs Direct Method The service costs are merely allocated to the production department according to the usage of the services given. St

Long run average marginal cost curves of the firm, Q. Let a firm's producti...

Q. Let a firm's production function be given by K 0.3 L 0.7 . (i) Sketch (without specific numbers) the shape of the long run average and long-run marginal cost curves of the fir

Compute variances for variable costs and fixed costs, The Houston Chamber O...

The Houston Chamber Orchestra presents a series of concerts throughout the year. Budgeted fixed costs total $300,000 for the concert season; variable costs are expected to average

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