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need help with 10 a) and b) as well as 11 a) and b) the Abc job summary is below and for 11 the markup
need help with 10 a) and b) as well as 11 a) and b) the Abc job summary is below and for 11 the markup rate is 159.52% This Report represents a job summary based on "ABC" method of allocating Overhead. Superior Company Job Report - ABC Ref. JV28 9a) 399.917 BY92 766,156 ZF14 2a4, 573 Sales Revenue Job Costs: Direct Material Direct Labor Overhead Total Job Costs Gross Margin 162650 130,440 9b) 115,600 9b) 8) 9d) 2521740 9e) 147.177 98) 36.807 34.680 63,580 13,420 B 800 45,784 52.042 83,8841 119.472 1821272 1105, 101 Gross Margin % 49.517 46.807 10) Use the ABC job summary you completed to answer the following questions. Make sure your explanations are 10 to 20 words and are in complete sentences. a) Considering the slump in sales of job BY92, does this job summary provide any useful information? b) What ideas might you offer the management of Superior? 11) Superior's management believes the ABC method to allocate overhead is more accurate and they have decided to use it going forward. Using ABC, Superior is trying to address their sales slump for the BY92 job. a) Using the mark-up rate, you calculated in 5a of this project and the total job costs from 9), calculate the sales revenue that Superior should have charge for Job BY92. Mark uprate=159.52% b) How might this help their sales slump? Explain in 20 to 30 words)
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