LO3,4 Job Order Costing in a Service Organization E13A. A job order cost card fo
ID: 2409606 • Letter: L
Question
LO3,4 Job Order Costing in a Service Organization E13A. A job order cost card for Cloud Storage Services follows. Complete the missing information. The profit factor in the organization's cost-plus contract is 60 percent of total cost. OB ORDER COST CARD Cloud Storage Services Customer: Job Order No.: XXYO_ Contract Type: Cost-Plus Type of Service: Annual Internet Storage. Date of Completion: November 6, 2014 Costs Charged to Job Software installation services Jayson Holiday Total Cost Installation labor Service overhead (?% of installation labor costs) Total $30 $60 Internet services: Internet storage Service overhead (200% of Internet storage costs) Total $10 20 $ 7 Total Cost s ? Cost Summary to Date Software installation services Internet services Total Profit margin (60% of total cost) Contract revenueExplanation / Answer
the following is the required solution of LO3,4......(please post one question at a time).
working note:
service overhead = total software installation cost - installation labour =.>$60-30 =>$30.
% age of installation labour cost = service overhead / installation labour *100
=>$30 /30 * 100 =>100%.
software installation services: Installation labour $30 service overhead(100% of installation labour services) $30 Total $60 Internet services: internet storage 10 service overhead (200% of internet storage costs) 20 total $30 cost summary to date software installation services $60 internet services $30 Total $90 profit margin (60% of total cost) $54 contract revenue $144Related Questions
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