Homework Help is Here – Start Your Trial Now!
Business
Accounting
Here is the background information for this extra credit exercise: Hypothetical actual Costs from the last Medical Attack Vehicle (MAV) built by Wheeled Coach: Bill of Materials Cost Ford F650 Chassis 70000 DuraLite Cabinet System 6000 Seating 3000 Rear Cargo Cabin Shell 5000 Electrical Wiring Harnesses 2000 LED Lighting Panels 1000 6 Tires 3600 Wood panels for interior buildout 1000 Metal Interior Panels 1000 Doors & Windows 800 Paint 500 On Board Computer 500 Flashing Exterior Lights 800 Sound System 400 Custom Decals 200 SafePass Door Handles 400 Pure Air Filtration System 1000 CornerCap Lighting System 1200 Stealth Power System 2000 Cool-Bar Airconditioning System 1000 Total Materials 101,400   Direct Labor Hours Average Rate Assembler 200 $20.00 Electrician 32 $20.00 Painters 16 $20.00 Fabricators 12 $20.00 Computer Tech 18 $20.00 AC/Power Specialist 32 $20.00 Water Pressure Testers 10 $20.00 Total Hours 320   Suppose Wheeled Coach allocates overhead based on direct labor cost.  Their overhead rate is 163% of direct labor cost. Compute the total job cost for the MAV vehicle. (Enter your answer to the nearest whole dollar and without commas or dollar signs)

Here is the background information for this extra credit exercise: Hypothetical actual Costs from the last Medical Attack Vehicle (MAV) built by Wheeled Coach: Bill of Materials Cost Ford F650 Chassis 70000 DuraLite Cabinet System 6000 Seating 3000 Rear Cargo Cabin Shell 5000 Electrical Wiring Harnesses 2000 LED Lighting Panels 1000 6 Tires 3600 Wood panels for interior buildout 1000 Metal Interior Panels 1000 Doors & Windows 800 Paint 500 On Board Computer 500 Flashing Exterior Lights 800 Sound System 400 Custom Decals 200 SafePass Door Handles 400 Pure Air Filtration System 1000 CornerCap Lighting System 1200 Stealth Power System 2000 Cool-Bar Airconditioning System 1000 Total Materials 101,400   Direct Labor Hours Average Rate Assembler 200 $20.00 Electrician 32 $20.00 Painters 16 $20.00 Fabricators 12 $20.00 Computer Tech 18 $20.00 AC/Power Specialist 32 $20.00 Water Pressure Testers 10 $20.00 Total Hours 320   Suppose Wheeled Coach allocates overhead based on direct labor cost.  Their overhead rate is 163% of direct labor cost. Compute the total job cost for the MAV vehicle. (Enter your answer to the nearest whole dollar and without commas or dollar signs)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Here is the background information for this extra credit exercise:

Hypothetical actual Costs from the last Medical Attack Vehicle (MAV) built by Wheeled Coach:

Bill of Materials Cost
Ford F650 Chassis 70000
DuraLite Cabinet System 6000
Seating 3000
Rear Cargo Cabin Shell 5000
Electrical Wiring Harnesses 2000
LED Lighting Panels 1000
6 Tires 3600
Wood panels for interior buildout 1000
Metal Interior Panels 1000
Doors & Windows
 800
Paint 500
On Board Computer 500
Flashing Exterior Lights 800
Sound System 400
Custom Decals 200
SafePass Door Handles 400
Pure Air Filtration System 1000
CornerCap Lighting System 1200
Stealth Power System 2000
Cool-Bar Airconditioning System 1000
Total Materials 101,400

 

Direct Labor Hours Average Rate
Assembler 200 $20.00
Electrician 32 $20.00
Painters 16 $20.00
Fabricators 12 $20.00
Computer Tech 18 $20.00
AC/Power Specialist 32 $20.00
Water Pressure Testers 10 $20.00
Total Hours 320  

Suppose Wheeled Coach allocates overhead based on direct labor cost.  Their overhead rate is 163% of direct labor cost.

Compute the total job cost for the MAV vehicle.

(Enter your answer to the nearest whole dollar and without commas or dollar signs)

Expert Solution
Step 1

Accounting homework question answer, step 1, image 1

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cost control
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS