Pricing the original contract

Assignment Help Accounting Basics

Reference no: EM13130120

Calculate the amount of the final price adjustment because of defective pricing based on the Contractor unintentionally overpriced their material costs by $75,000 and under-priced their direct manufacturing labor costs by $50,000. Overhead rates used to price the original contract are:

Material OH 15%

Engineering OH 75%

Manufacturing OH 124%

Lawn Maintenance OH 1.5%

G&A 24%

Reference no: EM13130120

Questions Cloud

Shares of no-par common stock : A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has no stated value.

What does it mean for a person to have dignity : What does it mean for a person to have dignity, and is it something that we give away or something that is taken away? Neither? Both? Do you agree with Craig Ewert’s decision? Why or why not? Support your answer beyond only giving an opinion.

Find best action to invest in a particular stock : You would like to invest if the price is likely to rise in the long run. You have data on the daily average price of this stock over the past 12 months. Your best action is to?

What is the nlrb and its relationship to the nlra : what are the elements that an employee must meet to prove discrimination under the NLRA, and what must an employer show to defend against such a claim?

Pricing the original contract : Calculate the amount of the final price adjustment because of defective pricing based on the Contractor unintentionally overpriced their material costs by $75,000 and under-priced their direct manufacturing labor costs by $50,000. Overhead rates u..

Computing percentages : Suppose that a county ordinance requires a 2 1/5% 'fall' for a sewage pipe from the house to the main pipe at the street. How much vertical drop to nearest foot must there be for a horizontal distance of 55 feet.?

How much heat is evolved per gram of fuel burned : 3.5 g of a hydrocarbon fuel is burned in a vessel that contains 250. grams of water initially at 25.00 C. After the combustion, the temperature of the water is 26.55 C.

Per capita cost per police officer : Calculate the per capita cost per police officer. Explain why increased population can result in increased per capita taxes, even though the per-capita cost per police officer declines with population.

Calculate price that you think will make business break even : Take a small company to be established and construct a cost revenue analysis to see how feasible the project could be? Divide your cost of production into fixed and variable cost. Calculate the price that you think will make the business break eve..

User Account

All Pages