Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question hich each client is a different job. costs to jobs based on a At the beginning of 2018, managing partner Gina Lopes prepared the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question hich each client is a different job. costs to jobs based on a At the beginning of 2018, managing partner Gina Lopes prepared the following budget estimates: (Click the icon to view the prepared budget.) In November 2018, Crow Design served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) for 2018. (Abbreviation used: OH = overhead.) Data Table Data Table Dining Coop Martin Chocolates 900 hours DH Direct labor hours Software licensing costs 500 hours 400 $ $ 8,000 hours $ 2,400,000 586,000 46,000 25,000 1,500 9,000 Direct labor hours (professionals) Direct labor costs (professionals) Support staff salarios Computer leases Office supplies Office rent 0 Travel costs ach Print Dono 63,000 Print Done Crow Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client is a different job. Crow Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. Read the requirements At the beginning (Click the ic In November 20 (Click the ic Requirement 1. Compute Crow Design's direct labor rate and its predetermined overhead allocation rate for 2018. (Abbreviation used: OH = overhead.) Begin with the direct labor rate. Direct labor rate per hour Compute Crow Design's predetermined overhead cost allocation rate for 2018. Predetermined OH cost allocation rate 0 % Requirement 2. Compute the total cost of each job. First, enter the direct costs for each job. Then enter in the indirect costs and compute the total cost for each job. (Enter a "O for any zero balances.) Crow Design, Inc. Estimated Cost of Dining Coop and Martin Chocolates Jobs Martin Dining Coop Chocolates Direct Costs: Ihrs.x Choose from any list or enter any number in the input fields and then continue to the next question. his Question: 40 pts 1 of Crow Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client is a different jo Crow Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. Read the requirements. Dining Coop Chocolates Direct Costs: hrs. X hrs. X Total Direct Costs Allocated Indirect Costs: % X % x Total Costs Requirement 3. If Lopes wants to earn profits equal to 20% of service revenue, what fee should she charge each of these two clients? $ Dining Coop Martin Chocolates $ Requirement 4. Why does Crow Design assign costs to jobs? Crow Design assigns costs to jobs to help the company that cover all costs and contribute to profit. Assigning Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 4. Why does Crow Design assign costs to jobs? Crow Design assigns costs to jobs to help the company that cover all costs and contribute to profil Assigning costs to also can help Crow Design control costs Choose from any list or enter any number in the input fields and then continue to the next

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