Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Starter portion of question i need help on attached is the starting point Price per Privacy fence section - Based on Cost Estimate Standard Costs

Starter portion of question i need help on attached is the starting point

image text in transcribed Price per Privacy fence section - Based on Cost Estimate Standard Costs Sheet: Standard per Privacy Panel (6ft. x 6 ft.): Materials: 12- - 5\"x69\" boards at $3.00/# Trim - 24 feet at $.50/foot Labor: Assembly - 1.50 hour at $25 per hour Finishing - .25 hour at $20 per hour Factory Overhead: Driver is direct labor hours and the rate is $10 per hour. Installation: $20 per panel, plus cost of posts at $5 each. Prepare a Job Costing Estimate - Frank Ava was contacted by Atlantic Oceans Company about building and installing Privacy Fence around their property. The grounds are approximately 2 acres, rectangular, 110 ft. x 800 ft. There are two large driveways, each 24 feet wide. Required: a) Calculate the number of panels needed for the job. Only whole panels, no partials. b) Calculate the cost per panel and total cost of the job. c) Create a Job Cost Sheet that incorporates above data, and allows for documenting Actual Costs. (See Job Costing sheets from Cost Accounting.) d) Determine the bid price if Mr. Ava typically uses a 30% markup on time and materials. Add in installation after costing the fence. e) Write up the bid for Mr. Ava to send to Atlantic Oceans Company

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

Psychology Applied To Teaching

Authors: Jack Snowman, Rick McCown

14th Edition

1285734556, 9781285734552

More Books

Students also viewed these Accounting questions

Question

Define self-acceptance. (p. 141)

Answered: 1 week ago