Question

White Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Kenneth White prepared the following budget for the year Click the icon to view the prepared budget) Read the requirements Requirement 1. Compute White Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate Begin with (a) hourly direct labor cost rate (Click the icon to view additional information.) Direct labor cost rate per hour Now compute White Realtors' (b) predetermined overhead allocation rate Predetermined overhead Data Table allocation rate Direct labor hours (professionals) Direct labor costs (professionals) Office rent 19,600 hours Requirement 2. Compute the predicted cost of the Chance Manufacturing job $ 2,450,000 300,000 1,515,000 390,000 White Realtors Estimated Cost of the Chance Manufacturing Job Support staff salaries Utilities hrs. X PrintDone Total predicted cost Requirement 3. If White wants to earn a profit that equals 40% of the job's cost, how much should he bid for the Chance Manufacturing job? Add Required service revenue

Answer 1

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