Prepare a product margin report for one job that involves

Reference no: EM13483501

Jardon painting paints the interiors and exteriors of homes and commercial buildings. The company uses and activity-based costing system for its overhead costs. The company has provided the following data concerning its activity-based costing system.

Activity cost pool	Activity measure	Annual activity
Painting overhead	Square meters	30,000 square meters
Job support	Jobs	1,100 jobs
Other	None	Not applicable

The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs.

The company has already finished the first stage of the allocating process in which costs were allocated to the activity cost centers. The results are listed below:

	Painting	Job support	Other	total
Painting overhead	$110,000	$50,000	$40,000	$200,000
Office expense	40,000	60,000	35,000	135,000
Total	150,000	$110,000	$75,000	$335,000

Required:

Compute the activity rates (i.e., cost per unit of activity) for the painting and job support activity cost pools by filling in the table below. Round off all calculations to the nearest whole cent.

Job

Painting

Support

Total
Prepare a product margin report for ONE job that involves painting 400 square meters and has direct materials cost of $1,000 and direct labor cost of $1,190. The total sales revenue from this job is $3,600.

Reference no: EM13483501

Questions Cloud

A patent held by holister having a 12500 book value was : alison inc. paid 83400 for a 40 percent interest in holister corporations common stock. this investee had assets with a

There is no bargain purchase option and reagan guarantees a : reagan inc. signed a lease for some equipment having a 9-year useful life with silver leasing co. the lease payments

Ater the recap dyes stock price is 750 if dye had 60 : dye trucking raised 150 million in new debt and used this to buy back stock. after the recap dyes stock price is 7.50.

The reyes loaned their daughter rachael 25000 so that she : the reyes loaned their daughter rachael 25000 so that she could open up her own business. the terms of the loan require

Prepare a product margin report for one job that involves : jardon painting paints the interiors and exteriors of homes and commercial buildings. the company uses and

Janine uses the interest method of amortization bond issue : janine corporation sold some of its five-year 1000 face value 12 percent term bonds dated march 1 2011 at an effective

Enter the above transaction nov 17 into the cash receipts : prepare a cash receipts journal based on the information given below and post it to the accounts receivable subsidiary

Expected sales are 30000 for the first month and 38000 for : show work prepare a cash budget for the next two months based on the following information showing total cash receipts

A welding company specializing in underwater projects has : 1 a bottled gas company has 500000 common shares authorized 400000 common shares issued and 15000 common shares in

User Account

All Pages