11:54 AM Fri Feb 18 11% learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com 11 of 12 In general, complete the cost - profit analysis worksheet shown below. Then answer specific questions for Homework. Low High New Lawn Maintenance Maintenance Actual Data from Operations Installations Lawns Lawns Total Number of Jobs 300 420 320 1,040 Direct Materials (trees, shrubs, flowers, turf, stones, and rocks $730,000 $100,000 $234,000 $1,064,000 Direct Labor (wages paid to full-time & part-time employees $140,800 $145,200 $216,000 $502,000 Direct Labor hours 4,400 6,600 9,000 20,000 Allocated Indirect Costs from Operations Allocated Indirect Costs from Central Office Total Allocation Actual Indirect Costs Over / Under Allocated 1111:54 AM Fri Feb 18 11% learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com 12 of 12 Based on actual performance data, compute the total allocation of indirect costs (from operations and from central office) and rounded to two decimal places, for... 3. New Law Installations 4. Low Maintenance Lawns 5. High Maintenance Lawns Did the company over-allocate or under-allocate its total indirect costs (the combination of operations and central office)? 6. Enter the amount over / under allocated. Does the variance increase or decrease operating income? A decrease in operating income is not preferred and Unfavorable. Thus, we will enter unfavorable variance (such overhead that is underapplied) as a negative number because it decreases reported operating income An increase in operating income is preferred and Favorable. Thus, we will enter favorable variance (such overhead that is overapplied) as a positive umber because it increases reported operating income.11:54 AM Fri Feb 18 it learn-Lrs-east-'l-prod-fleetOZxythosccontent.blackboardcdncom Actual Data for Year 2 Low New Lawn Maintenance Actual Data from Operations Installations Number of Jobs 300 Direct Materials (trees, shrubs, flowers, turf, stones, and rocks $730,000 $100,000 Direct Labor (wages paid to full-time & parttime employees $140,800 $145,200 Direct Labor hours 4,400 6,600 Actual Indirect Costs from Operations Indirect Labor $240,000 Depreciation on Tools & Equipment $370,000 Rent Expense for Trucks & Heavy Equipment $130,000 Salaries of Operations Supervisors $500,000 Total $1,240,000 Actual Cost for Central Ofce Office Rent & Utilities $100,000 Office Salaries $200,000 Landscape Designers Salaries $300,000 Marketing Expenses $50,000 Total $650,000 High Maintenance $234,000 $216,000 9,000 Total 1,040 $1,064,000 $502,000 20,000 In general, complete the cost profit analysis worksheet shown below. Then answer specic questions for Homework. Low New Lawn Maintenance Actual Data from Operations Installations Number of Jobs ngh Malntenance 11:54 AM Fri Feb 18 it learn-us-east-'l-prod-fleetOZxythostcontent.blackboardcdncom 10 of 12 Green Thumb Landscaping Below is budgeted data for the company's 3 types of services. Green Thumb Landscaping Budgeted Data for Year 2 Low High New Lawn Maintenance Maintenance Budgeted Data for Operations Installations Lawns Lawns Total Number of Jobs 250 450 300 1,000 Direct Materials (trees, shrubs, flowers, turf, stones, and rocks $630,000 $90,000 $180,000 $900,000 Direct Labor (wages paid to full-time & part-time employees $120,000 $144,000 $216,000 $480,000 Direct Labor hours 4,000 7,200 8,640 19,840 Budgeted Indirect Costs include both indirect costs from operations (indirect labor, depreciation on tools & equipment, etc.) and indirect costs from the central office (office rent & utilities, ofce salaries, etc.). Budgeted Indirect Costs for Operations Indirect Labor $216,000 Depreciation on Tools & Equipment $400,000 Rent Expense for Trucks & Heavy Equipment $110,000 Salaries of Operations Supervisors $540,000 Total $1,266,000 Budgeted Cost for Central Ofce Office Rent & Utilities $108,000 Office Salaries $240,000 Landscape Designers Salaries $280,000 Marketing Expenses $60,000 11:54 AM Fri Feb 18 in learn-us-east-'l-prod-fleetOZxythoscontent.blackboardcdncom Budgeted Indirect Costs include both indirect costs from operations (indirect labor, depreciation on tools & equipment, etc.) and indirect costs from the central office (office rent & utilities, ofce salaries, etc.). Budgeted Indirect Costs for Operations Indirect Labor $216,000 Depreciation on Tools & Equipment $400,000 Rent Expense for Trucks & Heavy Equipment $110,000 Salaries of Operations Supervisors $540,000 Total $1,266,000 Budgeted Cost for Central Ofce Office Rent & Utilities $108,000 Office Salaries $240,000 Landscape Designers Salaries $280,000 Marketing Expenses $60,000 Total $688,000 Compute the predetermine rate for operations indirect costs, using direct labor hours as the allocations basis (round to 4 decimal places). Compute the predetermined rate for central office costs, using number of jobs as the allocation basis (round to 4 decimal places)