1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
noname [10]
2 years ago
13

Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software

that it purchases and installs on behalf of its clients. The firm’s direct labor includes salaries of consultants that work at the client’s job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 55,000 direct labor-hours would be required for the period’s estimated level of client service. The company also estimated $302,500 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm’s actual overhead cost for the year was $321,300 and its actual total direct labor was 58,850 hours. Required: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job: Direct materials $ 50,850 Direct labor cost $ 27,300 Direct labor hours worked 220 Compute the total job cost for the Xavier Company engagement.
Business
1 answer:
Whitepunk [10]2 years ago
6 0

Answer:

Tech Solutions

1. The predetermined overhead rate is:

= $6

2. The total job cost for the Xavier Company engagement is:

= $79,470

Explanation:

a) Data and Calculations:

Estimated direct labor-hours for the year = 55,000

Estimated fixed overhead cost = $302,500

Estimated variable overhead cost ($0.50 per DLH) = $27,500

Total overhead costs = $330,000 ($27,500 + $302,500)

Actual overhead cost for the year = $321,300

Actual total direct labor-hours = 58,850

Predetermined overhead rate = $6 ($330,000/55,000)

Xavier Company's Job:

Direct materials $ 50,850

Direct labor cost $ 27,300

Direct labor hours worked 220

Applied overhead = $1,320 ($6 * 220)

Total job cost = $79,470

You might be interested in
The forces in _________ collisions with another vehicle, tree or pillar are enormous as the momentum and built up energy are rel
Volgvan
A.) head-on. 
rear-ending cars are going the same direction as you, so they don't hit as hard.
trees aren't part of multi-vehicle crashes (hopefully)
3 0
3 years ago
Anyone have tikt ok put u r at in co mments or anw ser and i will follo w u
kondaur [170]

Answer:

sorry I don't have one! T~T

Explanation:

8 0
2 years ago
What is one good way to find out how well prospects will do a job?
amid [387]

Answer:

do an interview

Explanation:

.........

7 0
2 years ago
Read 2 more answers
Leaders using the __________ style of leadership are only minimally involved in decision making and encourage group members to m
Alexeev081 [22]
<h2>Leaders using the "authoritarian leadership" are only minimally involved in decision making and encourage group members to make their own decisions.</h2>

Explanation:

  • Authoritarian leadership is also called Autocratic leadership.
  • They take little inputs from the group and has overall control and decision making power.
  • They do not accept advice from others
  • They do not trust others and try to rule everyone.
  • Most of the team members are not allowed to participate in any of the event and not even the immediate subordinate. Team members work like a robot.
  • It often outcomes only adverse effects.
8 0
3 years ago
Acme inc. has a mission statement that is open to interpretation. many stakeholders identify with it. their mission statement is
shtirl [24]
Thank you for posting your question here at brainly. I hope the answer will help. The mission statement "Acme inc. has a mission statement that is open to interpretation. Many stakeholders identify with it." is <span>ambiguous.</span>
5 0
3 years ago
Read 2 more answers
Other questions:
  • Anemone Company produces picture frames. During the year, 200,000 picture frames were produced. Materials and labor standards fo
    6·1 answer
  • 1. Discuss the following statement: "Corporations are not really run by their owners."
    11·1 answer
  • a process cost system, the cost of completed production in Department A is transferred to Department B by which of the following
    8·1 answer
  • Digitec Company has recently decided to design and manufacture a laptop that retails for under $50, in an effort to make IT avai
    8·1 answer
  • Suppose social security contributions rise by​ $1 billion while social security benefits also rise by​ $1 billion.​ Further, per
    10·1 answer
  • The smartphone market is in​ long-run equilibrium. Then the demand for smartphones increases. Describe what happens in the marke
    12·1 answer
  • 1. Using a plantwide overhead rate based on cases, compute the overhead cost that is assigned to each case of Extra Fine Salsa a
    11·1 answer
  • In Lean/JIT systems the burden of ensuring quality of production inputs from vendors shifts from the _____________ to the ______
    14·1 answer
  • All of the following are positive outcomes of employee development except: Group of answer choices development enhances the orga
    12·1 answer
  • An unfavorable materials quantity variance indicates that:.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!