HH Electric reports the following information. a. Compute the time charge per hour of direct labor. b.
Question:
HH Electric reports the following information.
a. Compute the time charge per hour of direct labor.
b. Compute the materials markup percentage.
c. What price should the company quote for a job requiring four direct labor hours and $580 in materials?
Transcribed Image Text:
Direct labor rate. $30 per DLH Non-materials-related overhead. $15 per DLH Materials-related overhead .... 5% of direct materials cost Target profit margin (on both conversion and direct materials)..... 20%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
Time charge per hour of direct labor Direct lab...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A manufacturing company completed Job F50 at a cost of OMR 5,000 which is to be sold later at OMR 7,000. What is the entry to record the completion of Job F50?
-
Question 4 A company produces steel rods. The lengths of the steel rods are normally distributed with a mean of 168.1-cm and a standard deviation of 2-cm. For shipment, 36 steel rods are bundled...
-
The balance sheet for Fogelberg Company reports the following information on July 1, 2014. Fogelberg decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to...
-
A firm has initial fund of $800. The market rate of return is 12%. The firm has identified good investment opportunities to invest $640 at an average 25 per cent rate of return. How much dividend...
-
A refrigerator removes 1.5 kJ from the cold space using 1 kJ work input. How much energy goes into the kitchen and what is its coefficient of performance?
-
Orientation for a staff auditor includes: a. Explaining the working paper format established by the auditor's organization. b. Providing the auditor with an overview of the company organization. c....
-
How is the present value index for a proposal determined?
-
Trenton worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $40,000 and total manufacturing...
-
10 asks you to practice calculating expected payoffs, a key component in finding Mixed Nash Equilibrium. Assignment 11 will use the results of Assignment 10 as a way to assess your own appetite for...
-
A. construct each control chart manually with written calculations. B. Perform the Process Capability Analysis assuming the number of opportunities for defects to be 7. Month Orders Orders with error...
-
Raju is in a competitive product market. The expected selling price is $80 per unit, and Rajus target profit is 20% of selling price. Using the target cost method, what is the highest Rajus cost per...
-
A company is considering a $150,000 investment in machinery with the following net cash flows. The company requires a 10% return on its investments. (a) Compute the net present value of this...
-
Are the advantages and disadvantages you have listed in answer to question 1 long run or short run in nature?
-
Q1. You believe stock price by year end will have the following multinomial distribution: Price Probability 60 10% 80 20% 100 40% 120 20% 140 10% Q1a. What should be the stock price TODAY? Q1b. what...
-
You take out a 5-year car loan with monthly payments of $425. The interest rate for the loan is 4.75%. How much total interest will you pay over the life of the loan?
-
A company issues $769241 worth of 15-year bonds with semi-annual coupons atj2=9.32%p.a. The bonds are priced to yieldj2=6.31%p.a. Determine the issue price per $100 unit. a.$89.53 b.$128.92 c.$75.94...
-
An all-equity firm has a return on assets (ROA) of 14.00 percent. The firm makes the decision to replace 30% of its equity with debt that has a before-tax cost of 8 percent (the firm's tax rate is 40...
-
Sprint buys a 1.60 $/ (strike) call on 300,000 for 0.10$/. Suppose that the exchange rate turns out to be 1.75 $/ at expiration. What is Sprint's overall profit or loss on the transaction?
-
JenSteel, Inc., had the following results for last year: Prepare a new income statement for each of the following scenarios. Consider each scenario independently. Required a. Sales volume increases...
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
You are to devise an investment strategy to enable you to accumulate $1,000,000 by age 65. Start by making some assumptions about your salary. Next compute the percent of your salary that you will be...
-
Nokia (www.Nokia.com), which is a leading manufacturer of mobile devices and services, along with Research In Motion and Apple are competitors in the global marketplace. Key figures for Nokia follow...
-
Use the following selected data from Business Solutions income statement for the three months ended March 31, 2012, and from its March 31, 2012, balance sheet to complete the requirements below:...
-
ALL INFORMATION IS GIVEN! Please help and follow the instructions For your convenience the instructions for the final product are below as well as in the assignment itself: All data can tell stories....
-
1) Jerome J. Jerome is considering investing in a security that has the following distribution of possible one-year returns: Probability of occurrence - 0.10 - 0.20 - 0.30 - 0.30 - 0.10 Possible...
-
Suppose you observe the following situation! Security Peat Company Re-Peat Company Expected Beta Return 1.20 0.80 10.60 9.30 Assume these securities are correctly priced. Based on the CAPM, what is...
Study smarter with the SolutionInn App