Solution-Prepare job-order cost sheet for the project of

Prepare job-order cost sheet for the project of vista group

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Reference no: EM132655568

Vista group provides architectural services for residential and business clients. Its job costing system has a single direct cost category and a single indirect cost pool. Budgeted and actual amounts for 2020 are as follows. During 2020, Vista group designed a new restaurant village for Carefree Years Inc. Actual professional labor hours spent for the project were 1720 hours.

Budget for 2020

Professional labor components $ 40,00,000
Client support department costs $ 26,00,000
Professional labor hours billed to clients 40,000 hours

Actual Results for 2020

Client support department costs $ 24,36,000
Professional labor hours billed to clients 42,000 hours
Actual professional labor cost rate $ 110 per hour

Required :

Problem 1: Prepare Job-order cost sheet for the project of Vista group using actual costing, normal costing and extended normal costing. Show all necessary computations.

Reference no: EM132655568

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Prepare job-order cost sheet for the project of vista group

Reference no: EM132655568

Reference no: EM132655568

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