Discuss and explain the operational techniques required for the execution of civil works construction works?
In: Civil Engineering
In: Civil Engineering
How have environmental trends impacted the design and construction of contemporary hotels worldwide?
In: Accounting
Why are the slabs for composite construction designed as simply supported rather than continuous?
In: Civil Engineering
Explain how the positive and negative bending moment in the beam is accounted in the construction of the beam.
In: Civil Engineering
Write an essay to express how to avoid the construction accidents. (minimum 3 page's.)
In: Civil Engineering
Brief description summarizing the key elements of a technical proposal for an MEP construction work
In: Civil Engineering
Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 52,000 units.
Per Unit Total Direct materials $45
Direct labor $21
Variable manufacturing overhead $15
Fixed manufacturing overhead $624,000
Variable selling and administrative expenses $17
Fixed selling and administrative expenses $468,000
Lovell Computer Parts management requests that the total cost per unit be used in cost-plus pricing its products. On this particular product, management also directs that the target price be set to provide a 26% return on investment (ROI) on invested assets of $1,000,000.
Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 26% on this new component. & Assuming that the volume is 41,600 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 26% on this new component.
In: Accounting
Lovell Computer Parts Inc. is in the process of setting a
selling price on a new component it has just designed and
developed. The following cost estimates for this new component have
been provided by the accounting department for a budgeted volume of
50,000 units.
| Per Unit | Total | ||||||
| Direct materials | $45 | ||||||
| Direct labor | $29 | ||||||
| Variable manufacturing overhead | $20 | ||||||
| Fixed manufacturing overhead | $750,000 | ||||||
| Variable selling and administrative expenses | $13 | ||||||
| Fixed selling and administrative expenses | $400,000 | ||||||
Lovell Computer Parts management requests that the total cost per
unit be used in cost-plus pricing its products. On this particular
product, management also directs that the target price be set to
provide a 25% return on investment (ROI) on invested assets of
$1,000,000.
1.Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 25% on this new component.
2. Assuming that the volume is 41200 units, compute the markup percentage and target selling price that will allow Lovell computer parts to ear its desired ROI of 25% on this new component.
In: Accounting
Question 2 25 Marks
The percentage of completion method (based on costs) is used to calculate profit on contracts, but only once contracts are 30% or completed or more.
REQUIRED:
2.1 Discuss the difference between the Work Certified Method and the Percentage of C0mpletion method. (6)
2.2 Calculate the profit/loss that can be brought into account for the financial period under review for each of the contracts in the records of Ovitoto Concrete Investment Cc. (19 . the table to use is below
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Ovitoto Concrete Investment Cc presented you with the following information for the contracts awarded in Sept 2017; Contract |
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Okahandja Road |
Midgard Road |
||
|
Contract Price |
1 499 500 |
1 950 550 |
|
|
Work certified |
1 249 500 |
1 550 550 |
|
|
Cost of work certified |
1 199 500 |
1 400 550 |
|
|
Cost of uncertified work |
999 500 |
1 210 550 |
|
|
Cash received |
1 149 500 |
1 400 550 |
|
|
Total expected cost (including costs incurred) |
1 299 500 |
1 850 550 |
|
In: Accounting