Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with the following question: Using the information as present in the question above Time tracking is an important part of accounting. On

I need help with the following question:

image text in transcribed

image text in transcribed

Using the information as present in the question above

image text in transcribed

Time tracking is an important part of accounting. On time and material basis - Create an invoice for job number job 17-001, invoice for Landscape Installation only. Customer: Urban Construction, 1212 N. Treat St, Tucson, AZ 85710 Job: 17-001 Landscape for Smith Resident Labor is $65 per hour Material markup is 20% Overhead is 10% Profit is 10% Material bills are: 1. Home Rock, material for job 17-001 $100 2. Jack Rock, material for job 17-002 S120 3. Joe's Hardscape Supply, material for 17-001 $300 TIME CARD 01 Design 02 Hardscape 03. Installation 04 Warranty Name: Pay period rch Monday Job Number Phase Code Billable Hours 1/2/2017 17-001 1 B 6 17-002 4 non 2 > Tuesday 17-001 3 00 B 8 1/3/2017 Wednesday 17-001 3 B . 2. 1/4/2017 B B 17-001 2 B 2. 17-002 1 B 4 Thursday 17-002 1 B 2 1/5/2017 17-001 3 B 6 Using the same information in assignment 3 with the employee making $10 per hour, create the job cost for the job to show the actual profit 17-001 Landscape for Smith Resident Urban Construction Income Expenses Expenses $ JOB 0115 Time tracking is an important part of accounting. On time and material basis - Create an invoice for job number job 17-001, invoice for Landscape Installation only. Customer: Urban Construction, 1212 N. Treat St, Tucson, AZ 85710 Job: 17-001 Landscape for Smith Resident Labor is $65 per hour Material markup is 20% Overhead is 10% Profit is 10% Material bills are: 1. Home Rock, material for job 17-001 $100 2. Jack Rock, material for job 17-002 S120 3. Joe's Hardscape Supply, material for 17-001 $300 TIME CARD 01 Design 02 Hardscape 03. Installation 04 Warranty Name: Pay period rch Monday Job Number Phase Code Billable Hours 1/2/2017 17-001 1 B 6 17-002 4 non 2 > Tuesday 17-001 3 00 B 8 1/3/2017 Wednesday 17-001 3 B . 2. 1/4/2017 B B 17-001 2 B 2. 17-002 1 B 4 Thursday 17-002 1 B 2 1/5/2017 17-001 3 B 6 Using the same information in assignment 3 with the employee making $10 per hour, create the job cost for the job to show the actual profit 17-001 Landscape for Smith Resident Urban Construction Income Expenses Expenses $ JOB 0115

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

The Finance Book

Authors: Stuart Warner, Si Hussain

1st Edition

1292123648, 978-1292123646

More Books

Students also viewed these Finance questions