Wright's Construction builds custom houses for individual buyers. On June 1, it had one job started with a beginning Work-in-Process of $56,000. During June the job was finished and sold. Direct labor for the job in June was $75,000 and direct materials used were $57,000. Overhead is computed at a rate of 65% of direct labor. There is a markup of 35% on all sales. What was the selling price of
the house?
A) $319,612.50
B) $236,750
C) $82,862.5
D) $272,600
E) 262,087.5
A
You might also like to view...
In its simplest form, ANOVA must have a dependent variable that is metric
Indicate whether the statement is true or false
For every figure you include, you need to mention the figure by description in the text.
Answer the following statement true (T) or false (F)
A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time. But a bookstore orders only a few copies of each book, since its customers want to select from a wide variety. This example shows
A. why discrepancies of quantity occur. B. why both discrepancies of quantity and discrepancies of assortment occur. C. neither discrepancies of assortment nor discrepancies of quantity. D. multichannel distribution. E. why discrepancies of assortment occur.
"Follow through quickly and without discrimination or bias" is a suggested guideline for using ________ power.
A. reward B. referent C. coercive D. expert E. legitimate