What should be total cost estimate for the job

Assignment Help Managerial Accounting
Reference no: EM132650103

You are working on estimating a one-of-a kind job for a customer. Your customer has agreed that Direct Labor Hours is a fair method to use for overhead. Your estimate for your customer is as follows:

Direct Materials for this job $ 110,000

Indirect Materials for this job 5,000

Direct Labor for this job 8,000

Direct labor hours for this job 100

Overhead (including all indirect Costs) for this job per direct Labor hour $24

Question 1: What should be your total cost estimate for this job?

Reference no: EM132650103

Questions Cloud

Create a decision tree in excel to solve the problem : Create a decision tree in Excel to solve the problem. A real estate investor must decide between two possible investments options
What sort of persuasive impact does social media have : For this discussion forum, select your favorite television show. Then, investigate the program on two social media sources (e.g., Facebook and Twitter).
TED Conference Video Analysis : TED Conference Video Analysis - How does this reading relate to Informatics and Computer Science and/or I101 class - How does this reading relate to Informatics
What is the history and humanities : What is the History and humanities in the tv show orange is the new black?
What should be total cost estimate for the job : What should be your total cost estimate for this job? You are working on estimating a one-of-a kind job for a customer. Your customer agreed that Direct Labor
What are the root causes of irregular migration : 1. What are the risks immigrants can be subjected to in the process of legal or illegal migration? What are the transnational types of crime that migration (or
How have you experienced gangs or terrorist groups : Outside of your professional career, how have you experienced gangs, organized crime, and/or terrorist groups in your life? In your experience.
Write essay on othello : Write essay on Othello - Title - Othello Close Reading Spacing Double spaced
How many units of production were assumed : For the Win (FTW) Corporation, How many units of production were assumed when the predetermined application rate for fixed overhead was established?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

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