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

Accrued income, Accrued income is an amount earned although not in reality ...

Accrued income is an amount earned although not in reality received during the accounting period or till the date of preparation of last accounts for the period concerned. The firs

Production needs in inventory for component a, Kenner company produces two ...

Kenner company produces two products: SR200 and TX500. Budged sales for four months are as follows; SR200 TX500 May 8,000 20,000 June 13,000 32,000 July 11,000 39,000 August 18,000

Cvp and computer applications, CVP and Computer Applications The broad...

CVP and Computer Applications The broad availability of personal computers encourages more managers to apply cost volume profit analysis. Computers can quickly create the comp

Prepare the material cost budget of products of a company, Prepare the Mate...

Prepare the Material Cost Budget of products of a Company For a company along with many products, a periodic budget would be developed given as: Assume a firm has 3 products X

Equity adjustment account, Partner A (50%) Partner B (50%) sharing profi...

Partner A (50%) Partner B (50%) sharing profits equally New partner introduced $13,000 total cash including $3000 as goodwill which is raised to its full value. Partner C

Relevant costs and decision-making, Relevant Costs and Decision-Making ...

Relevant Costs and Decision-Making The relevance of costs will depend upon the purpose for that they are being utilized. Relevance is related to future decisions. The relevanc

Determine the current share price - shareholder, Most corporations pay quar...

Most corporations pay quarterly dividends on their common stock rather than annual dividends. Barring any unusual circumstances during the year, the board raises, lowers, or mainta

Compute the price of each bond, P1 Given the following data: ...

P1 Given the following data:   German Bond U.S. T- Bonds

#title, compare tradition costing and activity costing methods of overhead...

compare tradition costing and activity costing methods of overheads abpsrption based on production units,labour hourd and machine hours

Prepare a direct material purchases budget., 1) The Svelte Jeans Company pr...

1) The Svelte Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life". The company sales budget estimates that

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