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

Cost benefit approach - terms used in cost accounting, Cost Benefit Approac...

Cost Benefit Approach - Terms Used in Cost Accounting Is the primary criterion for selecting with alternative accounting approaches? There is a direct relationship in a co

Determine the customer inter-arrival time, During the dinner hour, the dist...

During the dinner hour, the distribution of the inter-arrival time of customers at Burger Barn is predictable to be as follows: Inter-arrival Time Probabi

Calculate the opportunity costs, Suppose the Danny can prepare 50 pizzas or...

Suppose the Danny can prepare 50 pizzas or 100 sandwiches in an hour and Steve can produce 15 pizzas or 9 sandwiches. a) Draw each individual's PPF. b) Calculate the oppor

What is the net operating income, A manufacturing company that produces a s...

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: selling price $140 units in begining in

Utility of break even point in managerial decision making, UTILITY OF BREAK...

UTILITY OF BREAK EVEN POINT IN MANAGERIAL DECISION MAKING 1. It assists in determination of sales mix 2. It assists in exploring new markets 3. It assists in deciding abo

Absorption vs. variable costing, Absorption vs. Variable Costing Varilux ma...

Absorption vs. Variable Costing Varilux manufactures a single product and sells it for $10 per unit. At the beginning of the year there were 1,000 units in inventory. Upon further

#title.materials costing and accounting., material ledger card.following t...

material ledger card.following transactions affecting material No115-8 occurred during march 1992. march 1 balanced on hand 500 [email protected] per gallon maech 2 received 1200 gall

Piece wage rate, what is Taylor''s differential piece rate plan

what is Taylor''s differential piece rate plan

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