Cost of Services Produced Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH),...
? Income Statement Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Direct materials Direct labor $472,500 Variable overhead 15,000 Fixed overhead 18,000 Next year, HHH expects to purchase $25,600 of direct materials. Projected beginning and ending inventories...
Costs of Services Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 0.9 hours. On average, HHH completes about 9,000 cleanings per year. The following total costs are associated with the total cleanings: $19,800 Direct materials Direct labor Variable overhead Fixed overhead 234,000 13,500 15,300 Required: If required, round your answers to the nearest cent. 1. Calculate the prime...
Costs of Services Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 2.1 hours. On average, HHH completes about 21,000 cleanings per year. The following total costs are associated with the total cleanings: Direct materials $44,100 Direct labor 705,600 Variable overhead 21,000 Fixed overhead 25,200 Required: If required, round your answers to the nearest cent. 1. Calculate the prime...
Cornerstone Exercise 2.7 Cost of Services Sold Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings Direct materials Direct labor Variable overhead Fixed overhead $472,500 15,000 18,000 Next year, HHH expects to purchase $25,600 of direct materials. Projected...
Cornerstone Exercise 2.8 Income Statement Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Direct materials Direct labor Variable overhead Fixed overhead 472,500 15,000 18,000 continued) Next year, HHH expects to purchase $25,600 of direct materials. Projected beginning...
I just need the answer for #5. I already calculated 1-4. Thank
you!
Cornerstone Exercise 2.5 Costs of Services Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 costs are associated with the total cleanings: cleanings per year. The following total Direct materials Direct labor Variable overhead Fixed overhead S 27,000...
Cost of Goods Manufactured Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials? Direct labor $52,000 Variable overhead 26,000 Fixed overhead 245,000 Next year, Pietro expects to purchase $125,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory Work-in-Process Inventory Beginning $4,000 $12,300 Ending $3,900 $14,300 Required: 1. Prepare a statement of...
Cost of Goods Manufactured Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs Direct materials Direct labor Variable overhead Fixed overhead Next year, Pietro expects to purchase $122,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows $65,000 16,000 195,000 Direct materials Work-in-Process Inventory $5,000 $4,900 Inventory $10,900 $12,900 Beginning Ending Required: 1. Prepare a statement of...
Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 52,500 units will be produced, with the following total costs: Direct materials? Direct labor 66,000 Variable overhead 18,000 Fixed overhead 245,000 Next year, Pietro expects to purchase $125,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory Work-in-Process Inventory Beginning $7,000 $13,900 Ending $6,900 $15,900 Pietro expects to produce 52,500 units...
Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,200 units will be produced, with the following total costs: Direct materials ? Direct labor 58,000 Variable overhead 21,000 Fixed overhead 245,000 Next year, Pietro expects to purchase $128,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as fu Direct materials Work-in-Process Inventory Inventory Beginning $7,000 $14,000 Ending $6,900 $16,000 Pietro expects to produce 50,...