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Please Answer ASAP. Q3: Q23: Exercise 1-4 (Algo) Classifying costs for a service company LO C2 Listed below are costs of services provided by an
Please Answer ASAP.
Q3:
Q23:
Exercise 1-4 (Algo) Classifying costs for a service company LO C2 Listed below are costs of services provided by an airline company. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. Classify each cost as direct, indirect, selling, or general and administrative. Exercise 2-28 (Algo) Computing overhead rate; setting price quote-Service company LO A1 Sofia Gomez runs a mobile pet grooming service. She charges $26 direct labor per grooming hour. She applies overhead to jobs on the basis of grooming hours. She predicts 960 grooming hours for the year. Her estimated overhead costs for the year follow. VandepreciationVanmaintenance$8,380Vaninsuranceexpense1,520Indirectmaterials$1,160Tooldepreciation760otheroverhead$5101,110 1. Compute the predetermined overhead rate using estimated grooming hours. 2. Sofia has been asked to groom 3 large dogs. She expects this job to require a total of 18 direct labor grooming hours. Compute her total cost (direct labor plus applied overhead) for this job. 3. If Sofa targets a markup of 20% on the total cost for each job, what price should she quote for the job in part2
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