QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 353 Weeks Ago, 3 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 21 May 2017 My Price 14.00

One Homework question

Question description

 

Bob Jones owns a catering company that stages banquets and parties for both individuals and companies. The business is seasonal, with heavy demand during the summer months and year-end holidays and light demand at other times. Bob has gathered the following cost information from the past year:

Month

  

Labor Hours

  

Overhead Costs

  

January

    

2,500

      

$54,400

    

February

    

3,164

      

65,033

    

March

    

3,198

      

61,524

    

April

    

4,200

      

69,424

    

May

    

4,533

      

69,928

    

June

    

5,545

      

74,652

    

July

    

6,548

      

74,648

    

August

    

7,500

      

78,482

    

September

    

7,180

      

75,616

    

October

    

4,620

      

69,308

    

November

    

3,172

      

71,748

    

December

    

6,785

      

74,772

    

Total

    

58,945

      

$839,535

    

Variable Cost Per Labor Hour =4.82

Fixed Cost = 42359.00

Bob has booked 3,164 labor hours for the coming month. How much overhead should he expect to incur? (Round variable cost to 2 decimal places, e.g. 12.25 and all other answer to 0 decimal places, e.g. 5,275.)

Total cost =

$

Answers

QuickHelper
(10)
Status NEW Posted 21 May 2017 04:05 PM My Price 14.00

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