Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Sierra Design is an interior design firm. The firm uses a job cost system in which each ent is a different "job.Sierra Design traces direct labor, licensing costs, and travel costs directly to each job (client). It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor costs. At the beginning of the current year, managing partner Laurie Walker prepared the following budget : 10,000 hours 1,100,000 Direct labor hours ( professional ). Direct labor costs (professional ) Support staff salaries Computer lease payments . Office supplies 140,000 46,000 $ 26,000 Office rent 63,000 Later that same year in November , Sierra Design served several clients Records for two clients appear here: DineNow.com Direct labor hours Licensing costs Travel costs Delightful Dining 710 hours 2,300 40 hours 300 $ 10,000 Requirements
1. Compute Sierra Design's predetermined indirect cost allocation rate for the current year Compute the total cost of each of the two jobs listed
2. If Sierra Design wants to earn profits equal to 20 % of sales revenue , how much ( what total fee ) should the company charge each of these two clients ?
3. Why does Sierra Design assign costs to jobs ?
The revenues and expenses of Dynasty Travel Service for the year ended June 30, 2012, Prepare an income statement for the current year ended June
Discuss the different managerial uses of cost information. Explain the meanings and decision making uses of sunk costs, opportunity costs
Niendorf Corporation's 5-year bonds yield 6.75%, and 5-year T-bonds yield 4.80%. What is the liquidity premium (LP) on Niendorf's bonds
A said "We can afford to pay a dividend of $400,000." Briefly outline the two components of profit under current cost accounting
Calculate the breakeven point in units for the Peoria plant and for the Moline plant and calculate the operating income that would result from the production manager's plan to produce 96,000 units at each plant.
In the spot exchange market, 1 yen equals $0.011. If interest rate parity holds, what is the 6-month forward exchange rate
What is the cost of the pillows in WIP ending inventory in the sewing department for June? Per cent completion of ending inventory 70%
Selling and administrative expenses for May are budgeted at $72,000, exclusive of depreciation. Calculate the expected cash collections from customers
International Printer Machines (IPM) build three computer printer model,Calculate the weighted average unit contribution margin, assuming a constant sales mix.
ACC203 - Management Accounting - Prepare a briefing document for the HR manager which explains the differences between these two roles - Differences between management accounting and financial accounting
How much of the account verification costs will be assigned to the Northeast Office? (Round any intermediate calculations to the nearest cent)
Explain how costs are assigned to activities. Describe the value of activity-based customer costing. Explain how ABC can help a firm identify its true low-cost suppliers.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd