Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A small plumbing company sends an employee out to a customers home to install a new toilet. Use the following information to answer all of

image text in transcribed
image text in transcribed
A small plumbing company sends an employee out to a customers home to install a new toilet. Use the following information to answer all of the questions: Direct Labor Cost Per Hour $18.00 Direct Material Bill of Material and Costs for Toilet Quantity Toilet 1 Wax Ring 1 Toilet Bolts and Nuts 2 Toilet Seat 1 Per Unit Cost $165.00 $4.00 $0.50 $15.00 Overhead Information Estimated Overhead for the Year Estimated Direct Labor Hours for the Year $150,000.00 4,000 Job takes 1.25 hours. Assume overhead application is applied using direct labor hours. For the first question, how much cost will be assigned to the job for the plumbers direct labor? A 518 O B. $22.50 C. $30 D. $20 Save a til S schmit. Click Save All Are to save all annen Question Completion Status: Based on the information above, the Direct Material Cost Assigned to the job will be: O A $185 B. $184.5 C. $200 D. $175 QUESTION 3 applied to the job for overhead? Based on the above information, what amount A. $40 B. $37.50 C. $46.88 D. $47 QUESTION 4 What is the total cost for the toilet installation job? A $254.38 B. $253.88 C. $255 D. $250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions