Prime Construction completed a job that used materials costing $25,000 and labor $35,000. If they apply overhead at 80% of direct labor cost and want a 25% profit margin on total cost, what is the selling price. Wrong Answer
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Prime Construction completed a job that used materials costing $25,000 and labor $35,000. If they apply
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- Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?Prime Construction completed a job that used materials costing $25,000 and labor $35,000. If they apply overhead at 80% of direct labor cost and want a 25% profit margin on total cost, what is the selling price. incorrect solution will get unhelpful ratePrime Construction completed a job that used materials costing $25,000 and labor $35,000. If they apply overhead at 80% of direct labor cost and want a 25% profit margin on total cost, what is the selling price. Correct Answer
- Answer meSteeler Corporation Is Planning To Sell 100,000 Units For $2.00 Per Unit And Will Break Even At This Level Of Sales. Fixed Expenses Will Be $75,000. What Are The Company's Variable Expenses Per Unit? A. $0.75 B. $1.25 C. $1.10 D. $1.00 The Use Of A Predetermined Overhead Rate In A Job-Order Cost System Makes It Possible To Compute The Total Cost Of A Job Before Production Is Begun. True Of False.Prime Construction completed a job that used materials costing $25,000 and labor $35,000. If they apply overhead at 80% of direct labor cost and want a 25% profit margin on total cost, what is the selling price.
- If you give me wrong answer I will give you unhelpful rateGoodman Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled 50,000 and ending work in process equaled 7,000 units. Goodman had no beginning work in process inventory. Conversion costs are applied equally throughout production, and materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 40% complete and total materials costs equaled $500,000? O $10.00 O $9.77 O $8.77 O $11.63Solve the problem