Bill Williams is an engine tech for a Ford dealership and is assigned to the service department.
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Question:
Bill Williams is an engine tech for a Ford dealership and is assigned to the service department. Here is a table of costs associated with the dealership and Bill’s engine repair job today:
Engine parts | $ 675 |
Gasket, oil, and other fluids | $ 113 |
Standard Labor Costs | $ 700 |
Expensible tools | $ 48 |
Service Write Up Wages | $ 1,366 |
Radio Advertising | $ 850 |
Parking lot paving project | $ 9,850 |
Quality Inspection Dept. | $ 5,248 |
Which is of the following is not true?
A. | Direct costs on this job are $1,536. | |
B. | The dealership is most likely using job costing. | |
C. | Shared costs of $6,614 were incurred today. | |
D. | All of the parking lot paving costs will be allocated to each vehicle repaired in the facility today. |
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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