How much was the total job cost

Assignment Help Financial Accounting
Reference no: EM132976680

Question - Highland, Inc., an engineering firm, uses a job order costing system to accumulate client-related costs. The predetermined overhead allocation rate is 50% of staff labor cost. The work by engineers is charged to jobs at a rate of $31 per staff labor hour. A recent job for a client used 85 staff labor hours. How much was the total job cost?

Reference no: EM132976680

Questions Cloud

Prepare the Contractee Account as at December : The total value of the contract was $250,000. Prepare the Contractee Account as at December 31, 2019. Explain the term retention money
Which the tax expense or the provision for taxes shown : Which the "tax expense" or the "provision for taxes" shown on the income statement equals? According to the language used by FASB, taxable temporary difference?
What should be adjusted cash balance for clayborn company : What should be the adjusted cash balance for Clayborn Company? Clayborn Company deposits all cash receipts on day they are received and makes all cash payment
Prepare t-accounts for manufacturing overhead : Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T-accounts.
How much was the total job cost : The work by engineers is charged to jobs at a rate of $31 per staff labor hour. A recent job for a client used 85 staff labor hours. How much was the total cost
What is your expected maximum return against risk : The chances of the stock being above breakeven are 24.16%, and of being above $60 per share is 14.19%. What is your expected maximum return against risk
Conduct a meeting with the managers of the sydney : Develop project status report - Conduct a meeting with the managers of the Sydney, Melbourne and Brisbane centres to review the performance of the project
How much higher or lower will net operating income be : How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Process
Project plan to internal stakeholders for consultation : Develop project plan - identify project management tools that will be used to develop the tasks, timelines, roles, and responsibilities of this project

Reviews

Write a Review

Financial Accounting Questions & Answers

  Estimate the intrinsic value of XYZ stock

Suppose the average price/earnings (P/E) ratio for a set of similar publicly traded companies is 13.9. Estimate the intrinsic value of XYZ stock

  Journalize the entries to record transactions of amsterdam

How do you Journalize the entries to record the transactions of Amsterdam Supply Co? Mar. 2 Sold merchandise on account to Equinox Co., $19,200

  How much is the capitalized interest

A 10% note directly related to the project (specific borrowing) was issued on January 2, 2019, How much is the capitalized interest

  Compute the break-even point in sales dollars

McGordon Corporation has provided the following data: Sales $800,000. Compute the break-even point in sales dollars

  What would his average selling price per unit need to be

Due to a lack of available time. If Alton wants to generate a profit of $10,000 per month, what would his average selling price per unit need to be?

  What is the amount of profit on the sale that michael should

Find What is the interest revenue reported in Michael's statement of comprehensive income for the year ended December 31,2015?

  What is the ending balance in the Deferred revenue account

Assume Apple sells $19.4 million in iTunes gift cards in November, What is the ending balance in the Deferred revenue account

  Credit to gain on sale of debt investments

Tempest Co. purchased 60, 6% Urich Company bonds for $60,000 cash. Interest is payable semiannually on July 1 and January 1. If 30 of the securities are sold on July 1 for $32,000, the entry would include a credit to Gain on Sale of Debt Investments ..

  Explain the large scale shifts in report production

You are to use Institutional Theory to explain these large scale shifts in both report production and the names being given to the reports.

  What is the main problem in the moulder company

What is the main problem in the "The Moulder Company: Alternative Strategies for Toxics Use Reduction". Is it the selection of the best option to reduce toxic

  Breach of contract - remedy to injured partyyou are an

breach of contract - remedy to injured party.you are an associate in the law firm of moose and squirrel llc. one of the

  What masinloc company should record depletion for

What Masinloc Company should record depletion for 2016 at? Masinloc Company purchased a tract of resource land in 2015 for 39,600,000.

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