I need help asap! with this, i only need help with the example and an...
80.2K
Verified Solution
Link Copied!
Question
Accounting
I need help asap! with this, i only need help with the example and an overall guide of how to do this and for me to understand what can be an actual example:
Imagine you are the manager for a construction company building a custom home.
1) Give three examples of direct materials needed for building a house?
2) How would the builder calculate the total amount of the direct labor cost incurred/charged to build each house?
3) Give three examples of manufacturing overhead costs for a construction company when building custom homes? How would all of the overhead costs like this assigned to the custom houses that that you build ( i.e. how are overhead costs accumulated and assigned?
(Other comments: we now find that we need to accumulate the costs (Direct material, Direct labor and Overhead costs) of specific jobs so that we can track how much that job (or product) costs us to manufacture (or to provide service if we are a service organization).
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!
