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Thayer Plant Service completed a special landscaping job for Cole Company. Thayer uses ABC and has the following predetermined overhead allocation rates: (Click the
Thayer Plant Service completed a special landscaping job for Cole Company. Thayer uses ABC and has the following predetermined overhead allocation rates: (Click the icon to view the predetermined overhead allocation rates.) The Cole Job Included $2,400 in plants; $1,300 in direct labor, one design; and 60 plants. Read the requirements. Requirement 1. What is the total cost of the Cole job? Number of plants Direct labor Overhead: Designing Planting Total overhead allocated Total cost of Cole job Requirement 2. If Cole paid $5,020 for the job, what is the operating Income or loss? (Enter a loss with a minus sign or parentheses.) If Cole paid $5,020, Thayer's operating income (loss) on the job is Requirement 3. If Thayer desires an operating Income of 20% of cost, how much should the company charge for the Cole job? If Thayer desires an operating Income of 20% of cost, it should charge Requirements for the Cole job. 1. What is the total cost of the Cole job? 2. If Cole paid $5,020 for the job, what is the operating income or loss? 3. If Thayer desires an operating Income of 20% of cost, how much should the company charge for the Cole job? Print Done
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