Question: You are working on estimating a one-of-a kind job for a customer. Your customer has agreed that Direct Labor Hours is a fair method

You are working on estimating a one-of-a kind job for a customer. Your customer has agreed that Direct Labor Hours is a fair method to use for overhead. Your estimate for your customer is as follows: Direct Materials for this job Indirect Materials for this job Direct Labor for this job Direct labor hours for this job Overhead (including all indirect Costs) for this job per direct Labor hour $24 $110,000 5,000 8,000 100 What should be your total cost estimate for this job? DO NOT USE DOLLAR SIGNS. Round up to the nearest dollar.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Total Cost Estimate for the Job We are given the following cost componen... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

ABC Ltd. was formed on 1/1/ when shareholders contributed cash to the company in exchange for no-par stock The company immediately used the cash to purchase a productive asset (PPE) that will...

You are the controller for Minuteman Enterprises, a manufacturer of rocket booster engines and various aerospace products. Though there are many commercial customers for most of the companys...

You are working on your firms fifth audit of SSC. The previous audits have all resulted in standard unqualified audit reports. Read the following write-up from your audit files concerning SSC and its...

I have a attached a copy of the data used to answer the question Prepare a 2007 classified balance sheet and multistep income statement. Use the account balances from the unadjusted trial balance and...

NNWOMA PRINTING COMPANY It was Monday morning, and Victor Poku, president of Nnwoma Printing Company, was considering whether to take on a job at what seemed to him to be a marginal price. A half...

PLEASE COMPLETE NO LATER THAN 10/14 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...

Reference: FOSSUM.. Labor Relations, 10th Edition. McGraw-Hill Learning Solutions, 2008. VitalBook file. Page 429Chapter Thirteen Union-Management Cooperation Many labor relations practices are...

Please answer the following multiple choice questions. MC-001 Neptune Inc. uses a standard cost system and has the following information for April: Actual direct labor hours (DLHs) worked Standard...

During her second year at the Juilliard School of Music in New York City, Ann Rylands had a chance to borrow for one month a rare Guadagnini violin made in 1768. She returned the violin to the owner...

How many cubic yard of material are needed for the foundation of barn 40 by 80 ft., if the foundation is 2 ft thick and 12 ft. high.

Most hearsay is not admissible because it is not what type of evidence

What is a lease? Why would you choose to lease instead of buy a capital item? What steps would you follow to decide whether to lease or buy a computer system?

Define economic value added (EVA). Why has it been successful in improving corporate performance?

Write a paper on Job Satisfaction and Employee Loyalty

Discuss the process people often go through as dissatisfaction sours their commitment to the organization or their job. Draw from a volunteer experience. Think about a time when you volunteered or...

On January 1, 2017, COYOTE Company purchased 7%, 10-year bonds with a face value of $2,000,000 at $2,100,000. The interests will be paid annually on December 31 of each year. COYOTE uses the...

6 Theory of Machines 5. A shaft carries five masses A, B, C, D and E which revolve at the same radius in planes which are equidistant from one another. The magnitude of the masses in planes A, C and...

Prepare an income statement and a statement of retained earnings for Big Sky Corporation for the year ended June 30, 2012, based on the followinginformation: Capital stock (1,500 shares @ S100).....

The interest rate is 12% compounded monthly for seven years. Compute the number of interest periods.

What causes holding costs to exist? How is it that holding costs exist in service companies, which typically do not have inventories?

2. Now that you have read the chapter, as you revisit the opening story, what do you think about the distinctive nonverbal symbols such as Raakhi and tikka? Have your reactions to the symbols...

7. If you have to work on a team project with other students who have diametrically opposite values from your own, how would you manage the differences in a competent manner? Recommend two ideas you...

4. What artifacts or nonverbal channels do you tend to emphasize in creating an important sociocultural membership identity or personal identity of your choice? Can you share some specific examples?...