Question
Skylark Design, Inc., is a Web site design and consulting firm. The firm uses a job order costing system, in which each client is a
Skylark 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. Skylark Design traces direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate, computed as a percentage of direct labor costs. Requirement 1. Compute Skylark Design's predetermined indirect cost allocation rate for 2011. The predetermined indirect cost allocation rate = nothing%. (Enter the result as a whole number.)
SkylarkSkylark
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.
SkylarkSkylark
Design traces direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate, computed as a percentage of direct labor costs.
LOADING...
(Click the icon to view the prepared budget.)
LOADING...
(Click the icon to view the records for two clients.)
LOADING...
(Click the icon to view the requirements.)Requirement 1. Compute
SkylarkSkylark
Design's predetermined indirect cost allocation rate for 2011.The predetermined indirect cost allocation rate =
nothing%.
(Enter the result as a whole number.)
Enter your answer in the answer box and then click Check Answer.
| Clear All | Check Answer |
Data Table
At the beginning of 2011, managing partner Judi Jacquin prepared the following budget:
| Direct labor hours (professional). . . . . . | 8,000 | hours |
| Direct labor costs (professional). . . . . . | $1,600,000 | |
| Support staff salaries. . . . . . . . . . . . . | 190,000 | |
| Computer leases. . . . . . . . . . . . . . . . . . . | 41,000 | |
| Office supplies. . . . . . . . . . . . . . . . . . | 23,000 | |
| Office rent. . . . . . . . . . . . . . . . . . . . . . | 66,000 |
|
PrintDone
Data Table
In November, 2011,
SkylarkSkylark
Design served several clients. Records for two clients appear here:
|
|
|
| Chance | |
|
| Food Place | Chocolates | ||
| Direct labor hours. . . . . . . . . . | 750 | hours | 50 | hours |
| Software licensing costs. . . . . | $2,000 | $400 | ||
| Travel costs. . . . . . . . . . . . . | 9,000 |
|
| |
SkylarkSkylark
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.
SkylarkSkylark
Design traces direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate, computed as a percentage of direct labor costs.
LOADING...
(Click the icon to view the prepared budget.)
LOADING...
(Click the icon to view the records for two clients.)
LOADING...
(Click the icon to view the requirements.)Requirement 1. Compute
SkylarkSkylark
Design's predetermined indirect cost allocation rate for 2011.The predetermined indirect cost allocation rate =
nothing%.
(Enter the result as a whole number.)
Enter your answer in the answer box and then click Check Answer.
| Clear All | Check Answer |
Data Table
At the beginning of 2011, managing partner Judi Jacquin prepared the following budget:
| Direct labor hours (professional). . . . . . | 8,000 | hours |
| Direct labor costs (professional). . . . . . | $1,600,000 | |
| Support staff salaries. . . . . . . . . . . . . | 190,000 | |
| Computer leases. . . . . . . . . . . . . . . . . . . | 41,000 | |
| Office supplies. . . . . . . . . . . . . . . . . . | 23,000 | |
| Office rent. . . . . . . . . . . . . . . . . . . . . . | 66,000 |
|
PrintDone
Data Table
In November, 2011,
SkylarkSkylark
Design served several clients. Records for two clients appear here:
|
|
|
| Chance | |
|
| Food Place | Chocolates | ||
| Direct labor hours. . . . . . . . . . | 750 | hours | 50 | hours |
| Software licensing costs. . . . . | $2,000 | $400 | ||
| Travel costs. . . . . . . . . . . . . | 9,000 |
|
| |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Management Accounting For Business
Authors: Colin Drury, Mike Tayles
8th Edition
1473778808, 978-1473778801
