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

Which of the floowing is not capital budgeting decision, 1. when using the ...

1. when using the internal rate of return method to evaluate capital spending on a new project, the project will be accepted if the internal rate of return is equal to or greater t

Explanation of sales revenue line, The sales revenue line demonstrates the ...

The sales revenue line demonstrates the amount of sales earned throughout the different level of activities. It can be observed that between zero and somewhere between activity B a

Relationship between cost accounting and business enterprise, Relationship ...

Relationship between Cost Accounting and Business Enterprise Cost accounting, like will be mentioned later to adopts a cost center approach to accounting for costs. A cost cen

Calculate what variances have arisen, The following details were extracted ...

The following details were extracted from the standard cost card of a component:       Raw Materials              2.82 Kgs @ Rs.4.80 Kg.     Direct Labour            Type I   6

Prepaid expenses, Expenses paid in previous of their use or consumption is ...

Expenses paid in previous of their use or consumption is termed as prepaid expenses. At the ending of the year, a portion of the payment keeps unconsumed and is treated like an ass

Single entry and incompelet records, draw up statements of affairs to show ...

draw up statements of affairs to show the profit or loss for the year

Evaluate the acquisition of manufacturing equipment, Evaluate the Acquisiti...

Evaluate the Acquisition of Manufacturing Equipment XYZ Limited is a medium sized company providing a range of medical solutions. You, the financial manager has been asked to e

What is the dollar amount of direct material a, Win Corporation sells a sin...

Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 609,725 units, estimated beginning inventory is 107,791 units, and desired ending inventor

Allocation of scarce resourses, LaNora White received her accounting degree...

LaNora White received her accounting degree in 1992. Since graduating, she has obtained significant experience in a variety of job settings. Her skills include auditing, income and

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