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Question: Create a spreadsheet to solve Problem.
Problem: A contractor has a contract to construct the sanitary sewer, water line, storm drain, and street lighting for a new subdivision. The contractor uses the cost codes. The original estimate for the sewer was $25,000 and a $3,200 change order has been approved to add a manhole. The sewer work has been completed at a cost of $27,365. The original estimate for the water line was $31,000 and no changes have been made to the budget. The costs to date for the water line are $31,300 and it is estimated that it will take another $450 to complete the water line. The original estimate for the storm drain was $17,000 and no changes have been made to the budget. The contractor has paid $7,236 for materials and estimates that it will cost $9,764 to install the storm drain. The original estimate for the outside lighting was $23,600 and no changes have been made to the budget. The contractor has subcontracted the outside lighting for $23,600. The subcontractor has billed $11,230 for materials. Determine the total estimated cost at completion for the project and the variance for each cost code.
vest corporation sells and issues 100 shares of its 10 par value common stock as 11 per share. show how this
Distinguish between controllable and uncontrollable aspects of revenue and costs. Can a manager tototally control all revenue and costs? why or why not? Describe some of the drawbacks of using budgets as a control device
kansas company uses a standard cost accounting system. in 2014 the company produced 28000 units. each unit took several
oregon lumber processes timber into four products. during january the joint costs of processing were 280000. there was
xyz company estimates that 240000 direct labor hours will be worked during 2011 in the assembly department. on this
Consider a lessor that sells the right to use a depreciable asset, with a book value of $1,500, to a customer for two years for $1,000 per year, payable at the beginning of the year.
dauterive co. manufactures wooden pen and pencil holders. the following material and labor standards have been set for
If the available investment funds are reduced to only $1,000,000: Does the list of accepted projects change from Part 2? What is the opportunity cost of the eliminated $200,000?
explain the procedures of apportionment of overhead expenses through departmentalization with the help of practical
Should Terri Ronsin go along with the general manager's request to reduce the direct labor-hours in the predetermined overhead rate computation to 420,000 direct labor-hour.
Prepare a schedule to compute expected cash collections for the month of May and Prepare a schedule to compute expected cash payments for the month of May
andre has asked you to evaluate his business andres hair styling. andre has five barbers working for him. andre is not
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