Ollob Requirements - - 1. Compute the costs of the Nader Enterprises and Pearl Inc.'s jobs using Wigan's further refined system with multiple direct-cost categories and multiple indirect-cost pools. 2. For what decisions might Wigan Associates find it more useful to use this job-costing approach rather than the approaches of a simple costing system or a refined costing sytem with multiple direct-cost categories and one indirect-cost pool? Print Done (Click the icon to view additional information) Read the requirements Data Table $ Hardwich asks her assistant to collect details on those costs included in the $575,000 indirect-cost pool that can be traced to each individual job. After analysis, Wigan is able to reclassify $350,000 of the $575,000 as direct costs: Other Direct Costs Nader Enterprises Pearl Inc. Research support labor 40,000 $ 138,000 Computer time 5,000 28,000 Travel and allowances 14,000 81,000 Telephones/faxes 2.000 21,000 Photocopying 6,500 14,500 $ 67 500 $ 282,500 Total Hardwich decides to calculate the costs of each job as if Wigan had used six direct cost-pools and a single indirect-cost pool. The single indirect-cost pool would have $225,000 of costs and would be allocated to each case using the professional labor-hours base Print Done IT - More Info Wigan has two classifications of professional staff partners and associates. Hardwich asks her assistant to examine the relative use of partners and associates on the recent Nader Enterprises and Pearl Inc. jobs The Nader Enterprises job used 1,200 partner-hours and 1,500 associate-hours. The Pearl Inc. job used 1,300 partner-hours and 1,000 associate-hours. Therefore, totals of the two jobs together were 2.500 partner-hours and 2,500 a associate-hours. Hardwich decides to examine how using separate direct-cost rates for partners and associates and using separate indirect-cost pools for partners and associates would have affected the costs of the Nader Enterprises and Pearl Inc. jobs. Indirect costs in each indirect-cost pool would be allocated on the basis of total hours of that category of professional labor . From the total indirect cost-pool of $225,000 $130,000 is attributable to the activities of partners and 595,000 is attributable to the activities of associates The rates per category of professional labor are as follows: Direct Cost per Category of Professional Labor Hour Indirect Cost per Hour Partner 200 $130,000 - 2,500 hours = $52.00 Associate 150 595,000 - 2.500 hours = 538.00 $ $ Print Done More Heln OLDU Data Table Currently it uses a simple costing system with a single direct-cost category (professional labor-hours) and a single indirect-cost pool (general support). Indirect costs are allocated to cases on the basis of professional labor-hours per case. The job files show the following: Nader Enterprises Pearl Inc. Professional labor 2,700 hours 2,300 hours Professional labor costs at Wigan Associates are $150 an hour. Indirect costs are allocated to cases at $115 an hour. Total indirect costs in the most recent period were $575,000 Print Done Question 1, PS-33 (simila HW Score: 0%, 0f 20 points Homework: Chapter 5 Problems Save OS Points: 0 of 3 Wigan Associates recently reportin Wigan Associates prestady and a cool based approach Kiina Hardwich, the managing partner of Wigan Associates, decided to my and further refine the continguts to pichangiacho Wigan cuently simple conting system Conto view the data) to the conteve data using the conting) Click the contenido Read the Hem Compute the cost the Made Enterpes and Pearl he's causing Wigaretterned with multiple direct concies and multiple dire.co Bagi yg the one you will scale de contato and the cost of the Patrone Add to Ollob Requirements - - 1. Compute the costs of the Nader Enterprises and Pearl Inc.'s jobs using Wigan's further refined system with multiple direct-cost categories and multiple indirect-cost pools. 2. For what decisions might Wigan Associates find it more useful to use this job-costing approach rather than the approaches of a simple costing system or a refined costing sytem with multiple direct-cost categories and one indirect-cost pool? Print Done (Click the icon to view additional information) Read the requirements Data Table $ Hardwich asks her assistant to collect details on those costs included in the $575,000 indirect-cost pool that can be traced to each individual job. After analysis, Wigan is able to reclassify $350,000 of the $575,000 as direct costs: Other Direct Costs Nader Enterprises Pearl Inc. Research support labor 40,000 $ 138,000 Computer time 5,000 28,000 Travel and allowances 14,000 81,000 Telephones/faxes 2.000 21,000 Photocopying 6,500 14,500 $ 67 500 $ 282,500 Total Hardwich decides to calculate the costs of each job as if Wigan had used six direct cost-pools and a single indirect-cost pool. The single indirect-cost pool would have $225,000 of costs and would be allocated to each case using the professional labor-hours base Print Done IT - More Info Wigan has two classifications of professional staff partners and associates. Hardwich asks her assistant to examine the relative use of partners and associates on the recent Nader Enterprises and Pearl Inc. jobs The Nader Enterprises job used 1,200 partner-hours and 1,500 associate-hours. The Pearl Inc. job used 1,300 partner-hours and 1,000 associate-hours. Therefore, totals of the two jobs together were 2.500 partner-hours and 2,500 a associate-hours. Hardwich decides to examine how using separate direct-cost rates for partners and associates and using separate indirect-cost pools for partners and associates would have affected the costs of the Nader Enterprises and Pearl Inc. jobs. Indirect costs in each indirect-cost pool would be allocated on the basis of total hours of that category of professional labor . From the total indirect cost-pool of $225,000 $130,000 is attributable to the activities of partners and 595,000 is attributable to the activities of associates The rates per category of professional labor are as follows: Direct Cost per Category of Professional Labor Hour Indirect Cost per Hour Partner 200 $130,000 - 2,500 hours = $52.00 Associate 150 595,000 - 2.500 hours = 538.00 $ $ Print Done More Heln OLDU Data Table Currently it uses a simple costing system with a single direct-cost category (professional labor-hours) and a single indirect-cost pool (general support). Indirect costs are allocated to cases on the basis of professional labor-hours per case. The job files show the following: Nader Enterprises Pearl Inc. Professional labor 2,700 hours 2,300 hours Professional labor costs at Wigan Associates are $150 an hour. Indirect costs are allocated to cases at $115 an hour. Total indirect costs in the most recent period were $575,000 Print Done Question 1, PS-33 (simila HW Score: 0%, 0f 20 points Homework: Chapter 5 Problems Save OS Points: 0 of 3 Wigan Associates recently reportin Wigan Associates prestady and a cool based approach Kiina Hardwich, the managing partner of Wigan Associates, decided to my and further refine the continguts to pichangiacho Wigan cuently simple conting system Conto view the data) to the conteve data using the conting) Click the contenido Read the Hem Compute the cost the Made Enterpes and Pearl he's causing Wigaretterned with multiple direct concies and multiple dire.co Bagi yg the one you will scale de contato and the cost of the Patrone Add to