I am a homebuilder. I have built three homes. Below is a summary of the direct costs
Question:
I am a homebuilder. I have built three homes. Below is a summary of the direct costs for the houses.
Total overhead costs for supervisory salaries and indirect materials amount to $84,000.
Since there are 3 houses, I will allocate 1/3 of $84,000 to each house. Do you like my allocationmethod?
Transcribed Image Text:
$140,000 $70,000 Direct Materials Direct Labor Overhead $90,000 210,000 130,000 60,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Computation of the total cost and allocation of overheads to three houses Total over head cot alloca...View the full answer
Answered By
Felix Onchweri
I have enough knowledge to handle different assignments and projects in the computing world. Besides, I can handle essays in different fields such as business and history. I can also handle both short and long research issues as per the requirements of the client. I believe in early delivery of orders so that the client has enough time to go through the work before submitting it. Am indeed the best option that any client that can think about.
4.50+
5+ Reviews
19+ Question Solved
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Question Posted:
Students also viewed these Managerial Accounting questions
-
Below is a summary of the NYSE corporate governance requirements of companies listed on this stock exchange. For each requirement, state how it is intended to help to address the risk of fraud in...
-
The following T account is a summary of the cash account of Holmes Company. What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows? Cash...
-
The following T account is a summary of the cash account of Wiegman Company. What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows? Cash...
-
You invested $1000 in Sinoland Bank stock when Sinoland/US Dollar exchange rate was 10:1, and you received exactly 200 local shares of the stock. The stock price rises 23% in local currency terms,...
-
The table below contains the recorded extreme temperatures, in degrees Fahrenheit, for each of the seven continents. a. Find the mean and standard deviation of the high temperatures. b. Find the mean...
-
Cloth Cutter The lengths of cloth a machine cuts for making dresses are normally distributed, with a mean of 3 meters and a standard deviation of 0.25 meters. (a) What is the probability that a...
-
Describe and critique, in your own words, the configuration change control procedure.
-
1. Develop a flight operations map that still serves each of the nine cities, but maximizes the companys profit per passenger. 2. Comment on how the 16 jets should be assigned. Northeastern Airlines...
-
Write a 1,050-word report using your company or one with which you are familiar (if you prefer, your facilitator can assign one to you). Answer the following questions for your chosen organization....
-
GHI Corp. prepares it financial statements in accordance with U.S.GAAP. Its inventory valuation method is LIFO. Assume all purchases and sales are on credit and there are 365 days in one year....
-
Eastern Pacific Company sells a single product for $34 per unit. If variable expenses are 65% of sales and fixed expenses total $12,800, the break-even point in quantity and dollar ($) will be?
-
A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $9,200 per month and...
-
Which of the following requires more investigative techniques than audit techniques. a. Labor b. Frauds c. Insurance d. Securities
-
To make correct decisions in personal and business life, people should be guided by the following reasonably complete list of independent and ultimate principles: Principle of solidarity, Principle...
-
Ron Peterson, age 43, and Sandy Peterson, age 41, are married with two children, Michael, age 12, and Victoria, age 8, who has been blind since her birth. Ron is an architect and general partner with...
-
Ruperto is studying law and is taking his first courses. A neighbor has found out about this and asks him about a case he has where he is requesting a concession to provide a federal public service,...
-
As covered in the video, this is an area that differs from IFRS rules and requires understanding of the link between SCF and the Income Statement. According to US GAAP rules, interest received or...
-
Phelps Swimming leases a delivery truck from Ryder Trucks by signing a 5-year lease with an annual payment of $3,256 due at the end of each year, based on 8% interest. The present value of the lease...
-
A firm is producing 1,000 units at a total cost of $5,000. When it increases production to 1,001 units, its total cost rises to $5,008. For this firm, a. marginal cost is $5, and average variable...
-
Suppose that fraction used = / 1.0 + 0.1Mt. for some parameter 1. Write the discrete-time dynamical system and solve for the equilibrium. Sketch a graph of the equilibrium as a function of ....
-
The use of prenumbered checks in disbursing cash is an application of the principle of: (a) establishment of responsibility. (b) segregation of duties. (c) physical controls. (d) documentation...
-
Buckeye Incorporated had the following trial balance at the beginning of November. The following transactions occur in November. November 1 Issue common stock in exchange for $13,000 cash. November 2...
-
Thunder Cat Services specializes in training and veterinary services to household pets, such as dogs, birds, lizards, fish, horses, and of course, cats. After the first 11 months of operations in...
-
Below is a list of activities. Required: For each activity, indicate whether the transaction increases, decreases, or has no effect on assets, liabilities, and/or stockholdersequity. Stockholdes...
-
Popular furniture company, IKEA, has purchased forests in Romania as well as land in Alabama to assist with keeping up with the wood demand necessary to complete customer orders. This was one way...
-
How does China being Turkey's biggest import partner affect Turkey's exchange rate?
-
Assignment 4 In this assignment you are provided information on an experiment and you are required to investigate and interpret the output which is provided below. Problem: Consider the...
Study smarter with the SolutionInn App