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Your company completed the East Side subdivision. The costs are shown inFigure 11-4. The site concrete labor and outside lighting were done bysubcontractors. The grading and excavation, sanitary sewer, water line, andstorm drain were done by the company's excavation crew. The company'sminimum profit and overhead markup is 15%. Determine the profitgenerated by the estimator, project management, and the excavation crewon this project.Job: 424 East Side Subdivision Sept. 1, 2004Contract Billed --------------------Costs----------------------Code Description Amount to Date Actual Budget Overrun2100 Grading & Excavation 57,800 59,000 -1,2002400 Sanitary Sewer 27,365 28,200 -8352450 Water Line 31,750 31,000 7502500 Storm Drain 16,850 17,000 -1502610 Site Conc.-Labor 19,200 19,200 02620 Site Conc.-Concrete 21,265 20,900 3652900 Outside Lighting 23,600 23,600 0Job Total 234,699 234,699 197,830 198,900 1,070
What are 'potential' ordinary shares? In your answer provide three examples to support your explanation. Briefly outline the process (steps) to determine whether 'potential' ordi
Manson Manufacturing applies manufacturing overhead at a rate of $30 per direct labour hour a)when during the year was this rate computed b)Describe briefly how this rate was
When implementing ABC, once a company has identified business activities and their costs, the company will probably: A) determine a simplified single cost allocation rate B)
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Accounting for Job Order Costing 1. Direct Labor Dr W.I.P. Control Account Cr Cash Account 2. Accrued Direct Wages Dr W.I.P. Control Account Cr Wages
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The activity driver for the shipping activity is the number of orders shipped. Product A uses 20 orders and Product B uses 60 orders. Calculate the consumption ratios for each prod
Variance Analysis This section describes how labour, material and overhead variances are calculated and what causes every of those variances. A chart is given also to describe
Standard Costs Establish the Minimum Desirable Costs When actual costs incurred exceed or else are below the standard costs, we after that investigate the variances along with
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