Homework Answers
| Total direct labor | 355000 | =69000+100000+186000 | ||
| Total direct materials | 414000 | =103000+131000+180000 | ||
| Allocation rate for Fringe benefits | 0.15 | =53250/355000 | ||
| Allocation rate for indirect materials | 0.08 | =33120/414000 | ||
| Fringe Benefits: | ||||
| House | Allocation rate | Weight of Base | Allocated Cost | |
| 1 | 0.15 | 69000 | 10350 | |
| 2 | 0.15 | 100000 | 15000 | |
| 3 | 0.15 | 186000 | 27900 | |
| Total | 53250 | |||
| Indirect materials: | ||||
| House | Allocation rate | Weight of Base | Allocated Cost | |
| 1 | 0.08 | 103000 | 8240 | |
| 2 | 0.08 | 131000 | 10480 | |
| 3 | 0.08 | 180000 | 14400 | |
| Total | 33120 | |||
| Expected costs | Home 1 | Home 2 | Home 3 | Total |
| Direct labor | 69000 | 100000 | 186000 | 355000 |
| Direct materials | 103000 | 131000 | 180000 | 414000 |
| Fringe Benefits | 10350 | 15000 | 27900 | 53250 |
| Indirect materials | 8240 | 10480 | 14400 | 33120 |
| Total cost | 190590 | 256480 | 408300 | 855370 |
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Benson Construction Company expects to build three new homes during a specific accounting period. The estimated direct...
Campbell Construction Company expects to build three new homes during a specific accounting period. The estimated...
Campbell Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costs Direct labor Direct materials Home 1 $ 74,000 108,000 Home 2 $ 92,000 147,000 Home 3 $186,000 182,000 Assume Campbell needs to allocate two major overhead costs ($35,200 of employee fringe benefits and $21,850 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs...
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Zachary Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costs Direct labor Direct materials Home 1 $ 73,000 100,000 Home 2 $ 105,000 139,000 Home 3 $ 190,000 184,000 Assume Zachary needs to allocate two major overhead costs ($73,600 of employee fringe benefits and $8,460 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead...
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Thornton Construction Company expects to build three new homes during a specific accounting period. The estimated...
Thornton Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costa Direct labor Direct materials Home 1 $ 65,000 99,000 Home 2 $ 108,000 147,000 Home 3 $173,000 191,000 Assume Thornton needs to allocate two major overhead costs ($51,900 of employee fringe benefits and $30,590 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs...
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Exercise 12-8 Allocating costs among products LO 12-3 Jordan Construction Company expects to build three new...
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Campbell Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costs Direct labor Direct materials Home 1 $ 74,000 108,000 Home 2 $ 92,000 147,000 Home 3 $186,000 182,000 Assume Campbell needs to allocate two major overhead costs ($35,200 of employee fringe benefits and $21,850 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs...
Zachary Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costs Direct labor Direct materials Home 1 $ 73,000 100,000 Home 2 $ 105,000 139,000 Home 3 $ 190,000 184,000 Assume Zachary needs to allocate two major overhead costs ($73,600 of employee fringe benefits and $8,460 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead...
Zachary Construction Company expects to build three new homes during a specific accounting period. The estimated direct materia and labor costs are as follows: Expected costs Direct labor Direct materials Home 1 $ 68,000 103,000 Home 2 $ 97,000 135,000 Home 3 $184,000 197,000 Assume Zachary needs to allocate two major overhead costs ($69,800 of employee fringe benefits and $30,450 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs...
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Fanya Construction Company expects to build three new homes during a specific accounting period and labor costs are as follows: direct materials Expected Costs Direct labor Direct materials Home 1 $40,000 30,000 Home 2 11 Home 3 $60,000 $100.000 50,000 80.000 points (8 01:45:09 Assume Fanya needs to allocate two major overhead costs ($80,000 of employee fringe ployee fringe benefits and $40,000 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the...
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