Note: two sets of conversion costs here.

BUS 202 Opportunity for replacing PQ2, Part II, Question 1 score This opportunity is to EITHER earn a score of 15 out of 20 points (if correct and template fully completed) OR your graded score for this question. I will take the higher of your 2 scores. There is NO partial credit for this re-do Directions: 1. hardcopy given or download this file 2. complete the template below in your own handwriting (you can work with others) 3. hand deliver at the beginning of class on Tuesday,11/7 Safe Inc. is a service firm that sells home security systems, which it installs and maintains. After the sales force makes initial contact with a new customer and completes the sale, setting up the new service requires two processes: (1) a home visit where the equipment is physically installed, and (2) the remote connection from off-site at corporate headquarters. Given the different levels of skill and work required, Safe Inc. tracks costs separately for the Installation and Connection processes. Nevertheless, given the relative simplicity of these processes, Safe Inc. tracks them both on a single product cost report with one direct materials category for the equipment and two conversion cost categories for installation and connection services. Assume that all home installations are completed the same day they are started. After installation, there is sometimes a delay of up to two days before the remote connection is completed. However, in the ideal situation, both the home installation and connection are completed on the same day At the beginning of July, Safe Inc. had 95 incomplete sales contracts. Of these incomplete contracts, 92 were awaiting both installation and connection and 3 had been installed but were still awaiting connection. At the end of July, Safe Inc. had 120 incomplete sales contracts. Of these incomplete contracts, 114 jobs were awaiting both installation and connection and 6 jobs had been installed but were still awaiting connection. The sales team STARTED 2,050 new security contracts during July Safe Inc. pays its suppliers $40o, on average, to purchase one security system. However, the price experiences some variation due to fluctuations in suppliers cost of raw materi . . On average, the installation of each system requires approximately 3 labor hours and establishing and testing the connection requires 2 labor hours. However, Safe Inc. does encounter some variation across employees Labor and overhead costs for installation is approximately $20/hour. .Labor and overhead costs for connection costs approximately $35/hour. Assume that the contracts outstanding at the beginning of July include $1,206 for equipment and $179 of installation costs Also assume that Safe Inc. actually incurs $807,132 for new equipment installed during July plus $127,774 of . stallation costs and $148,230 of connection-related costs In dollars, what is Safe Inc.'s Cost of Contracts Completed and Cost of Contracts in-process for July, assumi it uses the weighted average costing method? Show all work on the re-do template. BUS 202 Opportunity for replacing PQ2, Part II, Question 1 score This opportunity is to EITHER earn a score of 15 out of 20 points (if correct and template fully completed) OR your graded score for this question. I will take the higher of your 2 scores. There is NO partial credit for this re-do Directions: 1. hardcopy given or download this file 2. complete the template below in your own handwriting (you can work with others) 3. hand deliver at the beginning of class on Tuesday,11/7 Safe Inc. is a service firm that sells home security systems, which it installs and maintains. After the sales force makes initial contact with a new customer and completes the sale, setting up the new service requires two processes: (1) a home visit where the equipment is physically installed, and (2) the remote connection from off-site at corporate headquarters. Given the different levels of skill and work required, Safe Inc. tracks costs separately for the Installation and Connection processes. Nevertheless, given the relative simplicity of these processes, Safe Inc. tracks them both on a single product cost report with one direct materials category for the equipment and two conversion cost categories for installation and connection services. Assume that all home installations are completed the same day they are started. After installation, there is sometimes a delay of up to two days before the remote connection is completed. However, in the ideal situation, both the home installation and connection are completed on the same day At the beginning of July, Safe Inc. had 95 incomplete sales contracts. Of these incomplete contracts, 92 were awaiting both installation and connection and 3 had been installed but were still awaiting connection. At the end of July, Safe Inc. had 120 incomplete sales contracts. Of these incomplete contracts, 114 jobs were awaiting both installation and connection and 6 jobs had been installed but were still awaiting connection. The sales team STARTED 2,050 new security contracts during July Safe Inc. pays its suppliers $40o, on average, to purchase one security system. However, the price experiences some variation due to fluctuations in suppliers cost of raw materi . . On average, the installation of each system requires approximately 3 labor hours and establishing and testing the connection requires 2 labor hours. However, Safe Inc. does encounter some variation across employees Labor and overhead costs for installation is approximately $20/hour. .Labor and overhead costs for connection costs approximately $35/hour. Assume that the contracts outstanding at the beginning of July include $1,206 for equipment and $179 of installation costs Also assume that Safe Inc. actually incurs $807,132 for new equipment installed during July plus $127,774 of . stallation costs and $148,230 of connection-related costs In dollars, what is Safe Inc.'s Cost of Contracts Completed and Cost of Contracts in-process for July, assumi it uses the weighted average costing method? Show all work on the re-do template