Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. franklin construction company expects to build thr

Franklin Construction Company expects to build three new homes during a specific accounting period. The...

70.2K

Verified Solution

Question

Accounting

image
image
Franklin Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costa Direct labor Direct materiais Home 2 Home 572,000 $90,000 $100,000 95, 149.000 197,00 Assume Franklin needs to allocate two major overhead costs ($35.600 of employee fringe benefits and $39780 of indirect materials COSTS) among the three jobs Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rote" to 2 decimal places.) Fringe Benefits Home Allocation Rate x Weight of Base Allocated Cost X = = = 3 Total Indirect Materials: Home Allocation Rate x Weight of Base Allocated Cost 1 2 X = 3 Total The cost components to determine the total cost of each houses Expected Costs Home 1 Home 2 Direct labor Home 3 Total Direct materials Fringe benefits Indirect materials Total cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students