Help please with this question! Additional table states Manufacturing, Inc. is inviting several consultants to bid for work. Jennifer Root wants to submit a bid.
Help please with this question!
Additional table states Manufacturing, Inc. is inviting several consultants to bid for work.
Jennifer Root wants to submit a bid.
She estimates that this job will require about 260 direct labor hours.
EM2-30 (similar to) Question Help Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, managing partner Jennifer Root prepared the following budget for the year: :: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements I TOUCLEITOU UUTTUU Estimated total indirect costs Estimated direct labor costs 2.950.000 allocation rate 65 % $ 1,917,500 Data Table Requirement 2. Compute the predicted cost of the Chance Manufacturing job. Root Realtors 23,600 hours Estimated Cost of the Chance Manufacturing Job Direct labor hours (professionals) Direct labor costs (professionals) $ Office rent 2,950,000 360,000 1,137,500 23,600 hrs. * Indirect costs % x Support staff salaries Utilities 420,000 Total predicted cost Print Done Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check Answer H Type here to search 4:40 PM 2/7/2021 % EM2-30 (similar to) Question Help Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, managing partner Jennifer Root prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements I Requirement 1. Compute Root Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate. Data Table Direct labor Estimated direct labor hours cost rate 23,600 hours Estimated direct labor costs 2,950,000 $ 23,600 $ 125 per hour $ 2.950,000 Now compute Root Realtors' (b) predetermined overhead allocation rate. Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 360,000 1,137,500 Predetermined overhead 420,000 allocation rate Estimated total indirect costs 1,917,500 Estimated direct labor costs 2,950,000 $ 65 % Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Clear All Check Answer Type here to search a 4:40 PM 2/7/2021
