Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 4 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 9.00

Ad Guys Inc.

The Ad Guys Inc. provides advertising services for clients across the nation. The Ad Guys is presently working on four projects, each for a different client. The Ad Guys accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs. The direct costs include the charged time of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 50% of media purchases. On June 1, the four advertising projects had the following accumulated costs:
June 1 Balances
Clinton Bank…………………. $80,000
Pryor Airlines………………….. 24,000
O’ Ryan Hotels………………… 56,000
Marshall Beverages…………… 34,000
During June, The Ad Guys incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts:


At the end of June, both the Clinton Bank and Pryor Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account.
Determine each of the following for the month:
a. Direct labor costs.
b. Media purchases.
c. Overhead applied.
d. Completion of Clinton Bank and Pryor Airlinescampaigns.

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 09:08 PM My Price 9.00

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