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How much should the company charge in overhead expenses for 2023?

How much should the company charge in overhead expenses for 2023?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8. ABC Construction recorded the following data during 2022: Total Direct Cost: $62,482,612 and their general overhead was $649,472 For 2023, the company expects the following accounting data as its forecast for the contracts already signed: Labor Cost $4,382,397 Equipment Cost $18,682,140 Materials Cost $10,412,879 Consultants Fees $680,320 Utilities $280,614 Real Estate Lease $60,000 Legal and Marketing Consultants Fees $380,412 Appraised Equipment $14,687,395 How much should the company charge in overhead expenses for 2023? $865,318 $618,843 $2,316,459 $1,038,495 $1,212,182
Transcribed Image Text:8. ABC Construction recorded the following data during 2022: Total Direct Cost: $62,482,612 and their general overhead was $649,472 For 2023, the company expects the following accounting data as its forecast for the contracts already signed: Labor Cost $4,382,397 Equipment Cost $18,682,140 Materials Cost $10,412,879 Consultants Fees $680,320 Utilities $280,614 Real Estate Lease $60,000 Legal and Marketing Consultants Fees $380,412 Appraised Equipment $14,687,395 How much should the company charge in overhead expenses for 2023? $865,318 $618,843 $2,316,459 $1,038,495 $1,212,182
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