User Account

All Pages

What is the budgeted indirect-cost rate

Assignment Help Accounting Basics
Reference no: EM132906372

Question - AFS and Associates, a local engineering firm and our client is bidding on a design project for a new client. The total budgeted direct-labor costs for the firm are $400,000. The total budgeted indirect costs are $600,000. It is estimated that there are 8,000 billable hours in total. You have been asked to calculate the budgeted direct-labor cost rate and the budgeted indirect-cost rate assuming direct labor cost is the allocation base. You have also been asked to determine what AFS should bid on the project if the direct labor hours are estimated at 300 hours.

Required -

What is the budgeted direct-labor cost rate?

What is the budgeted indirect-cost rate assuming direct-labor cost is the allocation base?

What should be the engineering firm bid on the project if the direct labor hours are estimated at 300 hours?

Reference no: EM132906372

Questions Cloud

Company decisions regarding international trade : Discuss the meaning and importance of international transportation decisions as they relate to a company's decisions regarding international trade.
What the adjusted balance of the reciprocal account : A branch customer erroneously retained 1,000 to the HO. The adjusted balance of the reciprocal account on December 31, 2000
Global business initiative project : Assume that you have an opportunity to travel to Japan during the summer as part of a Global Business Initiative project at your school.
What amount is the balance of investment to be presented : On December 31, 2021, what amount is the balance of investment to be presented in the Statement of Financial Position
What is the budgeted indirect-cost rate : The total budgeted direct-labor costs for the firm are $400,000. The total budgeted indirect costs are $600,000. What is the budgeted indirect-cost rate
Comprehensive analysis of aspects of the strategic context : Prepare a report on Health Private Insurance Industry - The report structure outlined in the next section of this guide should be followed
Ownership and stakeholder theories : Which theory (Ownership and Stakeholder) do you feel has more of an impact on the business environment?
By how much would the ROE change : Cash $ 14,000Accounts payable $ 42,000 Receivables 70,000Other current liabilities 28,000. By how much would the ROE change
Raise the opposition of protectionists : Trade deficits often raise the opposition of protectionists who think that imports are "bad" and export are "good".

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd