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Given a total labor cost of $320,000, a Fringe Benefits rate of 43%, an Overhead Rate of 62%, a General & Administrative rate of 12%, Other Direct Costs of $27,000, and a desired Fee of 9%:
What is the Cost Factor?
What is the Price Factor?
What should the total bid price be?
accounts associated with costs of plants1. a plant asset with a five-year estimated useful life and no residual value
Post the Journal Entries you made in Part A to the appropriate T-Accounts found here in Part B. Your T-Account entries must be properly linked to the Journal Entry amounts you entered in Part A. The first T-Account posting has been done for you.
Eastman Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following.
At December 31, 2014, Indigo Girls Company has outstanding noncancelable purchase commitments for 36,000 gallons, at $3.00 per gallon, of raw material to be used in its manufacturing process. Assuming that the market price as of December 31, 2014, is..
In Moore Company's flexible budget graph, the fixed cost line and the total budgeted cost line intersect the vertical axis at $90,150. The total budgeted cost line is $392,550 at an activity level of 60,480 direct labor hours. Compute total budget..
Hitzu Co. sold a copier costing $4,500 with a two-year parts warranty to a customer on August 16, 2013, for $9,000 cash. Hitzu uses the perpetual inventory system. On November 22, 2014, the copier requires on-site repairs that are completed the same ..
Oz Corporation has the following assets at year end: Patents (net), $26,000; Land, $50,000; Buildings, $175,000; Accumulated depreciation:
Prepare the journal entry to record the purchase of treasury stock by the cost method and 9000 shares of treasury stock are reissued at $33 per share. Prepare the journal entry to record the reisssuance by the cost method.
Evaluate the income statement
On January 1, 2016, Big Company spent $350,000 for a 20 percent interest in Little Company. There is no difference between the purchase price and the book value of the net assets acquired. In your opinion, how should Big account for the investment? W..
Sales are 80% credit, of which 40% is collected in the month of sale and 60% is collected in the following month. What is the accounts receivable balance on July 31?
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 42,000 Rets per year. Assume that due to a recession, Polaski Company expects to sell only 35,000 Rets through regular chann..
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