Larry’s Lawn Services provides custom landscaping for homes and businesses and uses job order costing to...
Larry’s Lawn Services provides custom landscaping for homes and businesses and uses job order costing to capture the cost of its landscaping jobs. There are no jobs in process at the beginning of May. Listed below are data concerning the three landscaping jobs conducted during May.
| Southside | Oceanview | Rocky Heights | ||||
| Direct materials | $5,730 | $7,910 | $6,490 | |||
| Landscaper labor costs | $4,662 | $5,544 | $5,355 | |||
| Landscaper hours | 74 | 88 | 85 |
Overhead costs are applied to jobs on the basis of landscaper
hours, and the predetermined overhead rate is $63 per landscaper
hour. The Southside job is the only incomplete job at the end of
May. Actual overhead for the month was $15,881.
(a)
Correct answer iconYour answer is correct.
Determine the cost of each job.
| Southside | Oceanview | Rocky Heights | ||||
| Cost | $ 15054 | $ 18998 | $ 17200 |
eTextbook and Media
Attempts: 1 of 2 used
(b)
Correct answer iconYour answer is correct.
Indicate the balance of the Landscape Contracts in Process account at the end of May.
| Balance of the landscape contracts in process account | $15054 |
eTextbook and Media
Attempts: 1 of 2 used
(c)
Correct answer iconYour answer is correct.
Calculate the ending balance of the Operating Overhead account for May.
| Ending balance of the operating overhead account | $ 320 Debit |
eTextbook and Media
Attempts: 1 of 2 used
(d)
During May, Larry is approached by the owner of Mountain Estates
who would like to contract with Larry’s company. Larry is working
to prepare the bid for Mountain Estates and has the following
information: Direct materials, $10,570 and Landscaper hours, 125
hours.
Analyze the financial information provided for Southside, Oceanview
and Rocky Heights and help Larry complete his bid by estimating the
total cost of the Mountain Estates job.
| Total estimated costs | $ ?????? |
Homework Answers
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Larry’s Lawn Services provides custom landscaping for homes and
businesses and uses job order costing to...
Number 2 Larry's Lawn Services provides custom landscaping for homes and businesses and uses job order...
Number 2 Larry's Lawn Services provides custom landscaping for homes and businesses and uses job order costing to capture the cost of its landscaping jobs. There are no jobs in process at the beginning of May. Listed below are data concerning the three landscaping jobs conducted during May Rocky Heights $6,480 $5,525 85 Oceanview $7,635 $5,980 92 Southside $5,450 $4,810 Direct materials Landscaper labor costs Landscaper hours 74 Overhead costs are applied to jobs on the basis of landscaper hours,...
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Number 2 Larry's Lawn Services provides custom landscaping for homes and businesses and uses job order costing to capture the cost of its landscaping jobs. There are no jobs in process at the beginning of May. Listed below are data concerning the three landscaping jobs conducted during May Rocky Heights $6,480 $5,525 85 Oceanview $7,635 $5,980 92 Southside $5,450 $4,810 Direct materials Landscaper labor costs Landscaper hours 74 Overhead costs are applied to jobs on the basis of landscaper hours,...
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I need help finding the assigned overhead.
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