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Whitley Construction Company is in the home remodeling business. Whitley has three teams ofhighly skilled employees, each of whom has multiple skills involving carpentry, painting, and other home remodeling activities. Each team is led by an experienced employee who coordinates the work done on each job. As the needs of differentjobs change, some team members may be shifted to other teams for short periods of time. Whitley uses a job costing system to determinejob costs and to serve as a basis for bidding and pricing thejobs. Direct materials and direct labor are easily traced to eachjob using Whitley's cost tracking sottware. Overhead consists of the purchase and maintenance of construction equipment, some supervisory labor, the cost of bidding for new customers, and administrative costs. Whitley uses an annual overhead rate based on direct labor hours. Whitley has recently completed work for three clients: Harrison, Barnes, and Tyler. The cost data for each of the threejobs are summarized below: Direct Direct Labor Direct Labor Job Materials Hours Cost Harrison 5. 6,858 26 5 15, 591 Barnes 13,334 82 23,638 Tyler 43, 234 138 59, 508 Budgeted direct materials cost and direct labor cost for the year are estimated at $485,000 and $670,000, respectively. Direct labor hours are budgeted at 26,000 hours, and total overhead is budgeted at $676,000. Required: 1. Calculate the total cost of each ofthe threejobs. 2. Suppose that for the entire year, Whitley used 27,300 labor hours and total actual overhead was $711,000. What is the amount of underapplied or overapplied overhead? Complete this question by entering your answers in the labs below. Required 1 Required 2 Calculate the total east of each of the three jobs. Required 2 ) The Meyers CPA rm has the following overhead budget for the year: Overhead Indirect materials $ 503,300 Indirect labor 1,903,300 DepreciationBuilding 333,306 DepreciationFurniture 65,306 Utilities 385,300 Insurance 54,306 Propertyr taxes 63,306 other expenses 136,360 Total $ 3:433:30? The firm estimates total direct labor cost for the year to be $2,175,000. The rm uses direct labor cost as the cost driver to apply overhead to clients. During January, the firm worked for many clients; data for two of them follow: Ga rgus account Direct labor $ 4,506 Feller account Direct labor 5 13,506 Required: 1. Compute the rm's predetermined overhead rate. 2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. 3. Compute totaljob cost forthe Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the rm's predetermined overhead rate. Required 2 > Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.45 for 2,100 and $0.40 for 4,200. Required: If the total cost function for croissants is linear, what will be the average cost to bake 3,400? [Do not round intermediate calculations. Round your nal answer to 4 decimal places.) :| United States Motors Incorporated (USMI) manufactures automobiles and light trucks and distributes them for sale to consumers through franchised retail outlets. As part of the franchise agreement, dealerships must provide monthly financial statements followin the USMI accounting procedures manual. USMI has developed the following financial profile of an average dealership that sells 1,80 new vehicles annually: AVERAGE DEALERSHIP FINANCIAL PROFILE Composite Income Statement Sales $ 36, 000,000 Cost of goods sold 29, 700, 900 Gross profit $ 6,300, 000 Operating costs Variable 1, 035, 000 Mixed 2, 772,000 Fixed 2, 224, 800 Operating income 268, 200 USMI is considering a major expansion of its dealership network. The vice president of marketing has asked Jack Snyder, corporate controller, to develop some measure of the risk associated with the addition of these franchises. Jack estimates that 90% of the mix costs shown are variable for purposes of this analysis. He also suggests performing regression analyses on the various component the mixed costs to more definitively determine their variability. Required: I. Calculate the composite dealership profit if 2,450 units are sold. 3. The regression equation that Jack Snyder developed to project annual sales of a dealership has an R-squared of 60% and a standard error of the estimate of $5,400,000. If the projected annual sales for a dealership total $34,200,000, determine the approximate 95% confidence interval for Jack's prediction of sales. (Hint: The 95% confidence interval uses 2 standard errors in determining the interval.) Complete this question by entering your answers in the tabs below. Required 1 Required 3 Calculate the composite dealership profit if 2,450 units are sold. Profit