Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
22nd Edition
ISBN: 9781259542169
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 19, Problem 18E

Exercise 19-18

Job order costing for services

A1

Hansel Corporation has requested bids from several architects to design its new corporate headquarters. Frey Architects is one of the firms bidding on the job. Frey estimates that the job will require the Mowing direct labor.

Frey apples overhead to jobs at 175% of direct labor cost, Frey would like to earn at least $80,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $285,000 and $350,000 for the job.

1. What is Frey;s estimated cost of the architectural job?

2. What bid would you suggest that Frey submit?

Check (1) $213,125

Chapter 19, Problem 18E, Exercise 19-18 Job order costing for services A1 Hansel Corporation has requested bids from several

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