Island Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances
Island has four public relations specialists and office staff. At the beginning of the year, Island estimated the total cost of salaries and benefits for the public relations specialists at $684,000 and a total of 7,600 billable hours for the year. The office and administrative costs were estimated at $418,000. The allocation base for office and administrative costs is billable hours. In June, Island signed a contract for a Russian ballet performance. It negotiated a price of $6,800 for its services. When the job was complete, Island's records showed that it had logged 37.0 billable hours. What was the actual total cost of the job for Island?
A) $5,365
B) $2,035
C) $3,330
D) $1,295
A .
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a. recorder b. information-giver c. initiator–contributor d. orienter
Hoppe Inc manufactures widgets. Management has determined that each widget has a standard materials cost of $3.50 when 2.5 ounces of raw material at a cost of $1.40 per ounce are used. The static budget for the month of December showed an estimated production of 4,000 widgets in December. During December, 4,300 widgets were actually produced. The actual cost for each widget was $3.60 when 2.25
ounces of raw material at a cost of $1.60 per ounce were purchased and used. What should be the total direct materials cost according to Hoppe's flexible budget for December? A) $14,400 B) $15,050 C) $14,000 D) $15,480
Fees charged by a lender for the reasonable expense of making a loan, such as the cost of appraising property, are treated as interest for purposes of the usury law
Indicate whether the statement is true or false
The implementation of SAP does not require existing employees to change or upgrade their skills
Indicate whether the statement is true or false