Categorize the following costs as (a) direct, (b) project indirect, or (c) fixed overhead. • Labor • Materials • Main office rental • Tools and minor equipment • Field office • Performance bond • Sales tax • Main office utilities • Salaries of managers, clerical personnel, and estimators

Categorize the following costs as (a) direct, (b) project indirect, or (c) fixed overhead. • Labor • Materials • Main office rental • Tools and minor equipment • Field office • Performance bond • Sales tax • Main office utilities • Salaries of managers, clerical personnel, and estimators

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Porter corporation has fixed costs of 500000 variable costs of $32 per unit and a contribution margin ratio of 20 percent
12. manufacturing a. act oriented b. goods oriented c. service d. tangible
) Ayesha Pvt Ltd passed a special resolution to change its name to Ayesha Abrar Pvt Limited on 30th May 2017. All the necessary documentation was done on due time. Also the company got its new stationery printed on 1st July 2017 as well. However, there was a delay in the issue of certificate by the regulator (SECP) and the company received the certificate of permission on 10th August 2017. The company wants to enter into lease agreement for new premise. When they can do such agreement in new name of the company? Identify the right date and Justify?
Q: Discuss the types of Strategic Planning.
1. How cost leadership strategy will help Tropical Leisure to profitably increase sales and regain market share given its current production and financial constraints? 2. Suggest how Mr. Grant might proceed to evaluate the cost leadership strategy.
XYZ industries applies overhead based on direct labor cost. The following information was available for the last year: Actual manufacturing overhead OMRSO,000; Underapplied manufacturing overhead OMR10,400; Actual Prime cost OMRS2,000; Actual Direct material cost OMR19,000; Estimated direct labor cost OMR27,000, What was the estimated manufacturing overhead for the year? Select one: O a. OMR37,200 O b. None of the answers given O C OMR39,600 O d. OMR34,800 O e. OMR32,400
Title: How Activity Based Costing system helps the industry to improve performance 1.3 Advantages and disadvantage of activity based costing (300 words) 1.4 Implementation of Activity based costing (300 words)
How can activity-based costing and management be used in service organizations?
Mr. R is working from7:30 AM to 3:30PM including lunch break for 5 days every week in jewelry design shop. His main task is designing authentic men’s jewelries. He agreed to be paid by piece rate of 15 OMR /design for 15 weeks. If his daily output is 10 designs, calculate total earnings. 10,500 OMR 750 OMR 11,250 OMR 9,050 OMR
How different businesses are using the technique Engineered estimate of cost to estimate cost of different areas?
Corporations are small percentage: however they earn the most revenue among U.S. busnesses
1. Formulate recommendations and solutions for Ardene for consideration by industry client.2. Outline advantages and disadvantages of each solution.3. Identify potential obstacles both within and external to the organization and strategies to overcome obstacles.4. Evaluate the role and various forms of outsourcing. Company selected is Ardene