Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help thank you i appreciate it part 1 and 2 4. 254 points Exercise 2-6 (Algo) Job-Order Costing for a Service Company (L02-1, LO2-2,

please help thank you i appreciate it part 1 and 2 image text in transcribed
image text in transcribed
image text in transcribed
4. 254 points Exercise 2-6 (Algo) Job-Order Costing for a Service Company (L02-1, LO2-2, LO2-3) Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year it estimated that 52,500 direct labor hours would be required for the period's estimated level of client service. The company also estimated $262.500 of fived overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $283,300 and its actual total direct labor was 57,850 hours. Required: compute the predetermined overhead rate 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job Dictators Direct Labor cost Direct labor-hours worked $ 43,500 $ 22,00 210 Compute the total job cost for the Xavier Company engagement Complete this question by entering your answers in the tabs below: Required Required 2 Compute the predetermined overhead rate. (Round your answer to 2 decimal places) 1oor DLH Compute the totaljob cost for the Xavier Company engagement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rato per DLH Required 1 Required 2 Compute the total job cost for the Xavier Company engagement. (Round your intermed Direct materials Direct labor Overhead applied Total manufacturing cost $

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

Students also viewed these Accounting questions

Question

give que bank mcq on Henry Mintzberg Model of Strategic Management

Answered: 1 week ago

Question

1. Identify three approaches to culture.

Answered: 1 week ago

Question

3. Identify and describe nine cultural value orientations.

Answered: 1 week ago

Question

4. Describe how cultural values influence communication.

Answered: 1 week ago