Homework Answers
Let us try to understand the answer in detail from the table below.
Note that:
Case 1 shows when the Indirect Costs are allocated to the three projetcs on the basis of Square Feet.
Case 2 shows when the Indirect Costs are allocated to the three projects on the basis of Labor Cost.
In Case 1 the Indirect Cost is allocated by taking the Square Feets of each house in ratio
i.e. 1700 : 4500 : 3800 or in short 17:45:38. Similarly, in Case 2, the Indirect Cost is allocated by taking the Labor Costs of each house in ratio 8650 : 31550 : 41800 or 86.5 : 315.5 : 418.
Note that figures are rounded off in (C) below to the nearest dollar.
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