Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Harris is the owner of a business that sells and installs home theatre systems. He just completed a job for a builder consisting of the

image text in transcribed
image text in transcribed
Harris is the owner of a business that sells and installs home theatre systems. He just completed a job for a builder consisting of the installation of 10 home theatre systems in a new condominium complex. The installations required materials totalling $ 18 comma 700 and 74 hours of direct labour hours at a wage rate of $38 per hour. Overhead is allocated to jobs using a predetermined overhead rate of $4 per direct labour hour. 1. What is the total cost of the job? 2.What is the average unit cost (per theatre system installed)? 3.If Peter charges a price to the builder that is 160% of the total iob cost. what price will he charge for the iob

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Government and Not-for-Profit Accounting Concepts and Practices

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese, Daniel L. Smith

8th edition

1119495814, 1119495857, 1119495819, 9781119495819 , 978-1119495857

More Books

Students also viewed these Accounting questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago