Project Description:

ferguson corporation builds sailboats. on january 1, 2012, the company had the following account balances: $65,000 for both cash and common stock. boat 25 was started on february 10 and finished on may 31. to build the boat, ferguson had incurred cash costs of $5,100 for labor and $4,350 for materials. during the same period, ferguson paid $6,600 cash for actual manufacturing overhead costs. the company expects to incur $175,500 of indirect overhead cost during 2012. the overhead is allocated to jobs based on direct labor cost. the expected total labor cost for the year is $135,000.

ferguson uses a just-in-time inventory management system. consequently, it does not have raw materials inventory. raw materials purchases are recorded directly in the work in process inventory account.
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Price Type: Negotiable

Total Proposals: 13
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