The budgeted direct cost rate for professional partners. Given information: 2014, Budgeted direct cost is $210,000 Budgeted direct labor hour is 1,500

Question

Want to see the full answer?

Answer 1

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

None

Hii tutor please given answer general Accounting question

Hii ticher please given correct answer general Accounting question

Answer 2

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Answer 6

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

Answer 7

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

Answer 8

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

Answer 9

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

Answer 10

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

Answer 11

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

Answer 12

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

Answer 13

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

Answer 14

3.

To determine

To compute: The budgeted cost for R and P incorporation.

Answer 15

3.

To determine

To compute: The budgeted cost for R and P incorporation.

Answer 16

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

Answer 17

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

Answer 18

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Answer 19

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 23

Ch. 4 - Define cost pool, cost tracing, cost allocation,...Ch. 4 - How does a job-costing system differ from a...Ch. 4 - Why might an advertising agency use job costing...Ch. 4 - Describe the seven steps in job costing.Ch. 4 - Give examples of two cost objects in companies...Ch. 4 - Describe three major source documents used in...Ch. 4 - What is the advantage of using computerized source...Ch. 4 - Give two reasons why most organizations use an...Ch. 4 - Distinguish between actual costing and normal...Ch. 4 - Describe two ways in which a house-construction...

The budgeted direct cost rate for professional partners. Given information: 2014, Budgeted direct cost is $210,000 Budgeted direct labor hour is 1,500

To compute: The budgeted direct cost rate for professional partners. Given information: 2014, Budgeted direct cost is $210,000 Budgeted direct labor hour is 1,500

To compute: The budgeted direct cost rate for professional associates. Given information: 2014, Budgeted direct cost is $75,000 Budgeted direct labor hour is 1,500

To compute: The budgeted indirect cost rate for general support. Given information: Budgeted indirect cost is $2,025,000 Calculated values, Budgeted indirect labor hours is 37,500

To compute: The budgeted indirect cost rate for secretarial support. Given information: Budgeted indirect cost is $450,000 Calculated values, Budgeted indirect labor hours is 7,500

To compute: The budgeted cost for R and P incorporation.

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Want to see the full answer?

Chapter 4 Solutions

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500