Direct labor hours (professional). . . . . 10,000 hours Direct labor costs (professional). . . . . $1,300,000 Support staff salaries. . . . . . . . . . . . . . . $160,000 Computer lease payments. . . . . . . . . . . $48,000 Office supplies. . . . . . . . . . . . . . . . . . . . . $28,000 Office rent. . . . . . . . . . . . . . . . . . . . . . . . . $63,000 Dining Coop SunTime.com Direct labor hours. . . . . 740 hours 70 hours Licensing costs. . . . . . . $2,700 $200 Travel costs. . . . . . . . . . $5,000 $0 Requirement 2. Compute the total cost of each of the two jobs listed. First enter in the direct costs for each job, then enter in the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter "0" in the appropriate cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole dollar.)
Direct labor hours (professional). . . . . 10,000 hours Direct labor costs (professional). . . . . $1,300,000 Support staff salaries. . . . . . . . . . . . . . . $160,000 Computer lease payments. . . . . . . . . . . $48,000 Office supplies. . . . . . . . . . . . . . . . . . . . . $28,000 Office rent. . . . . . . . . . . . . . . . . . . . . . . . . $63,000 Dining Coop SunTime.com Direct labor hours. . . . . 740 hours 70 hours Licensing costs. . . . . . . $2,700 $200 Travel costs. . . . . . . . . . $5,000 $0 Requirement 2. Compute the total cost of each of the two jobs listed. First enter in the direct costs for each job, then enter in the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter "0" in the appropriate cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole dollar.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Variance Analysis
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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Topic Video
Question
Direct labor hours (professional). . . . .
10,000 hours
Direct labor costs (professional). . . . .
$1,300,000
Support staff salaries. . . . . . . . . . . . . . .
$160,000
Computer lease payments. . . . . . . . . . .
$48,000
Office supplies. . . . . . . . . . . . . . . . . . . . .
$28,000
Office rent. . . . . . . . . . . . . . . . . . . . . . . . .
$63,000
|
|
Dining Coop
|
SunTime.com
|
|---|---|---|
|
Direct labor hours. . . . .
|
740 hours
|
70 hours
|
|
Licensing costs. . . . . . .
|
$2,700
|
$200
|
|
Travel costs. . . . . . . . . .
|
$5,000
|
$0
|
Requirement 2. Compute the total cost of each of the two jobs listed.
First enter in the direct costs for each job, then enter in the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter "0" in the appropriate cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole dollar.)
Transcribed Image Text:Estimated Cost of Dining Coop and SunTime.com Jobs
Dining Coop
SunTime.com
Direct Costs:
hours x
hours x
Total Direct Costs
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