Question

Help me calculate the total costs using normal costing for each model!

Acre Construction assemblies residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor hours is the location base for assembly support costs in December 2016. Acre budgets 2017 by support costs to be $8.000.000 and 2017 direct labor hours to be 100,000. At the end of 201 Acre is comparing the costs of several jobs that were started and completed in 2017 (Click the loon to view the data) Read the requirements Budgeted indirect costs 000,000 Budgeted direct labor hours 180,000 Budgeted indirect cost rate 50 per DLH Identify the formula to note the actual indirect cost rate and then calculate the Actual Indirect costs Actual direct labor hours 6,642,000 162,000 Achalinorect cost rate 41 per DLH These rates differ because both the cost and hour amounts in the two calculations are different Requirement 2. What are the job costs of the Laguna Model and the Mission Model using a normal conting and actual conting? (a) Identify the formule to calculate the indirect costs under normal costing and then calculate the indirect costs for each model (Normal costino) Budited indirect contre Actual direct labor hours indirect cos Laguna 50 per DH 46,000 Mission 50 per DOH 50,000 Now calculate the total costs using normal costing for each model Data Table Laguna Mission Normal costing Mission Model Construction period Direct materials costs Direct labor costs Direct labor hours Laguna Model Feb June 2017 108.430 $ 36.475 $ May Oct 2017 127,325 41.320 1,000 Trala Choose from any list or enter any number in the input fields and then click 4 parts 4 remaining Direct materials and direct laborare paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor hours are worked. The 2017 actual assembly support costs were $6.642.000, and the actual direct labor-hours were 162,000

Answer 1

Normal costing	Laguna Model	Mission Model
Direct cost	106430+36475= 142905	127325+41320= 168645
Indirect cost	46000	50000
Total cost	188905	218645

**Direct cost =Direct material +Direct labor