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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 is cost accouting
Income Statement Preparation The following information is taken from the records of Wadley's Car Wash for the year ended December 31, 2012. Income taxes . . . . . . . . . . .
Idea behind Activity-Based Costing The most important ideas behind activity-based costing are as given as: Activities cause costs; activities involve ordering, ma
sums with solution of marginal costing
Sony manufactures battery for Iphone 6+. The average costs to manufacture batteries are $4 for 10,000 ad $2.67 for 30,000. Assuming the total cost function is linear, what will be
LEV;LRV
Stock control and its Level Management must formulate decisions regarding to the control of stock levels along with a view to minimizing the cost of the company whereas achie
Total costs include both variable costs and fixed costs. Variable costs are costs which can beeasily identified or related to a cost per unit or activity level of some kind for exa
i want to understand everything about contract account
cost classifications and examples
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