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

Estimate the growth rate of stock, Estimate the Growth rate of stock ...

Estimate the Growth rate of stock Data stock price = 53 rate of return= 12% expected dividend = 3.15 Formula : Expected return  = (dividend paid + capital

What is a statement of cash flows, 1.What is a Statement of Cash Flows? How...

1.What is a Statement of Cash Flows? How does it differ from an Income Statement? 2.What unique information does the Statement of Cash Flows deliver to investors? Why do they care?

Effective annual rate, The credit term from the supplier is 2/30, net 60. ...

The credit term from the supplier is 2/30, net 60. Requirements: Write the calculation Determine the effective annual rate if the firm does not take the discount.

Important points regarding to the variance analysis, Important Points Regar...

Important Points Regarding to the Variance Analysis Variance reporting concentrates on both with favourable and unfavourable variances. Normally unfavourable variances are pun

Bin card, I need an explanation of how a bin card is done

I need an explanation of how a bin card is done

Sources and uses of cash, There are different activities undertaken through...

There are different activities undertaken through a business that prove to be either source or use of cash. These can be categorizes under three broad categories that are: investin

Determine taxable profit, While on a business trip to Texas, David attended...

While on a business trip to Texas, David attended a mortgage foreclosure auction. At the auction (held on February 4, 1999), he acquired an abandoned sugarcane farm near Pearland.

Budgetary planning and control - accounting techniques, Budgetary Planning ...

Budgetary Planning and Control - Accounting Techniques A budget is a   plan of action expressed in monetary terms. Therefore it is a quantified plan of what one intends to do.

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