Calculate the prime cost per cleaning

Assignment Help Finance Basics
Reference no: EM131835836

Costs of ServicesJean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.8 hours. On average, HHH completes about 18,000 cleanings per year. The following total costs are associated with the total cleanings:

Direct materials $52,200

Direct labor 563,400

Variable overhead 25,200

Fixed overhead 28,800

Required:

If required, round your answers to the nearest cent.

1. Calculate the prime cost per cleaning.

$ per cleaning

2. Calculate the conversion cost per cleaning.

$ per cleaning

3. Calculate the total variable cost per cleaning.

$ per cleaning

4. Calculate the total service cost per cleaning.

$ per cleaning

Reference no: EM131835836

Questions Cloud

What effective change management practice were use at nissan : What effective change management practices were used at Nissan? What traits and skills can help to explain the successful strategic leadership by Ghosn?
Determining the cornerstone exercise : Applied Overhead and Unit Overhead Cost: Plantwide RatesSeco, Inc., produces two types of clothes dryers
How can the information be used as a source of strategy : Why is it important to look at both the manager and the employee points of view when engaging in human resource planning?
System requires initial investment in net working capital : The sausage system will save the firm $245,000 per year in pretax operating costs, and the system requires initial investment in net working capital of $22,000.
Calculate the prime cost per cleaning : Costs of ServicesJean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service.
How would you advise tracy to approach development : You are familiar with the concept of branding and know that because her company is new, she will have to build a brand from scratch.
Examine ethical dilemmas faced in international companies : Examine ethical dilemmas faced in two international companies and describe the impact to overall organizational health and marketing strategy.
Table of data for comparable companies : Based on the below table of data for comparable companies, calculate an estimate of Haytech's P/E ratio. Please round answer to one decimal place, i.e. 12.3.
Retirement savings account : Your employer has offered to contribute $50 a week to your retirement savings account. What is this offer worth to you today?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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