Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Randolph Associates is a construction engineering firm that propos detaled construction drawing for single-tamly homes. The market for this service is very competitive. To compete

image text in transcribed
image text in transcribed
Randolph Associates is a construction engineering firm that propos detaled construction drawing for single-tamly homes. The market for this service is very competitive. To compete successfully Randolph must deliver quality service at low cost Randolphesents the following data for 2019 and 2020 mick the con to view the data) Engineering labor-hour costs are variables Engineering support costs for each your depend on the engineering bport capacity that Randolph Choose to maintain each year that is the number of jobs it can do each year) Engineeg sports do not vary with the actual number of jobs done in a year Road the in Requirement 1. Calculate the opening income of Randolph Associates in 2010 and 2020 2020 2019 1.400.000 Revenues Cous Engineering or com Engineering supporto Total costs 1.000.000 225.000 1.300.000 95.000 Operating income Requirements 2020 2010 500 $ 600 2.700 30.000 1. Number of jobs billed 2. Selling price per job 3. Engineering labor hours 4. Cost per engineering labor hour 5. Engineering support capacity (number of jobs the firm can do 6. Total cost of engineering support space rent, equipment, etc.) 1. Engineering support-capacity cost per job 2800 $ 27.000 405 750 1. Calculate the conting one of Randolph Associates in 2019 and 2020 2 Calculate the growth prion-decovery and productivity components that explan the change in operating income from 2019 to 2020 1. Comment on your mer in grement 2. What do these components indicate 5 5 5 225.000 $ 300 5 750 277500 370 Print Done Print Done Uperning that Randolph Associates is a construction engineering firm that propos detaled construction drawing for single-tamly homes. The market for this service is very competitive. To compete successfully Randolph must deliver quality service at low cost Randolphesents the following data for 2019 and 2020 mick the con to view the data) Engineering labor-hour costs are variables Engineering support costs for each your depend on the engineering bport capacity that Randolph Choose to maintain each year that is the number of jobs it can do each year) Engineeg sports do not vary with the actual number of jobs done in a year Road the in Requirement 1. Calculate the opening income of Randolph Associates in 2010 and 2020 2020 2019 1.400.000 Revenues Cous Engineering or com Engineering supporto Total costs 1.000.000 225.000 1.300.000 95.000 Operating income Requirements 2020 2010 500 $ 600 2.700 30.000 1. Number of jobs billed 2. Selling price per job 3. Engineering labor hours 4. Cost per engineering labor hour 5. Engineering support capacity (number of jobs the firm can do 6. Total cost of engineering support space rent, equipment, etc.) 1. Engineering support-capacity cost per job 2800 $ 27.000 405 750 1. Calculate the conting one of Randolph Associates in 2019 and 2020 2 Calculate the growth prion-decovery and productivity components that explan the change in operating income from 2019 to 2020 1. Comment on your mer in grement 2. What do these components indicate 5 5 5 225.000 $ 300 5 750 277500 370 Print Done Print Done Uperning that

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

Recommended Textbook for

The Controllers Toolkit

Authors: Christine H. Doxey

1st Edition

1119700647, 9781119700647

More Books

Students also viewed these Accounting questions

Question

Name and describe five criteria for approving changes.

Answered: 1 week ago