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

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 total ling $ 18 comma 700 and 74 hours of direct labor hours at a wage rate of $38 per hour. Overhead is allocated to jobs using a predetermined overhead rate of $4 per direct labor 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 job cost, what price will he charge for the job?

1. What is the total cost of the job?

Total job cost

image

Homework: Chapter 5 Score: 0 of 1 pt HW Score: 14.79%, 2.07 of 14 pts Question Help S5-7 (similar to) Peter 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 $18,700 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 job cost, what price will he charge for the job? 1. What is the total cost of the job? Total job cost Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Type here to search | H e 4 of 14 (3 complete) Clear All M S 1 20 20% Check Answer ENG 10:31 AM 10/15/2019 Save ? 18)

Step by Step Solution

3.57 Rating (168 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provi... 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

Managerial Accounting

Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp

1st Canadian Edition

978-0132490252, 132490250, 978-0176223311

More Books

Students also viewed these Accounting questions

Question

In Exercises 7681, find the domain of each function. g(x) = 4 x - 7

Answered: 1 week ago