Question: I need the answer ASAP!!! Exercise 5.31 Blue Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct costs

I need the answer ASAP!!!

I need the answer ASAP!!! Exercise 5.31 Blue Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct

Exercise 5.31 Blue Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct costs of the job, allocate overhead as a percentage of the direct costs, and then add 40% to this as profit. For the next year, direct costs are estimated at $8,050,000 and overhead costs are estimated at $10,223,500. x Your answer is incorrect. Try again. Determine the company's overhead allocation rate. (Round answer to 0 decimal places, e.g. 25%.) Overhead allocation rate 1.27 LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Calculate the price that will be quoted to a customer for a remodelling job that is expected to have direct materials costs of $24,000 and direct labour costs of $15,000. x Price qoute LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. If actual direct costs next year are $7,187,000, what would be the amount of overapplied or underapplied overhead? Overhead 91,274.9 | underapplied LINK TO TEXT LINK TO TEXT Exercise 5.34 Flounder Company uses a job costing system. Overhead allocated based on 120% of direct labour cost. Last month's transactions in the work-in-process account are shown here: Work in Process $45,000 153,600 To finished goods 121,300 158,400 Beginning balance Direct materials Direct labour Factory overhead $442,200 Only one job, #850, was still i process at the end of the month. Job 850 was charged with $9,600 in overhead for the month. What is the ending balance in the WIP account? Ending balance LINK TEXT LINK TO TEXT How much direct labour cost was used for Job 850? Direct labour s LINK TO TEXT LINK TO TEXT What is the amount of direct materials used for Job 850? Direct materials $ LINK TO TEXT LINK TO TEXT

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