Labor cost formula
[DOCX File]Comparison of Major Contract Types
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Dollar value of the contract. The greater the cost risk to the contractor, the greater the benefits that can be derived from an FPEPA contract. In the DoD, adjustments based on actual labor or material cost are generally not used for contracts of $50,000 or less (DFARS 216. 203-4(c)).
[DOC File]Comprehensive Case 1, Chapters 2-3
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Formula one, overhead and direct labor cost: ... Direct labor cost explains less than 40 percent of the variability in overhead cost—not enough to justify using direct labor cost as the only driver to trace overhead to individual products. The number of moves, a non-unit driver, explains 90 percent of the materials-handling cost variability. ...
[DOC File]Standard Costs and Variance Analysis - CPA Diary
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17. Nil Co. uses a predetermined factory O/H application rate based on direct labor cost. For the year ended December 31, Nil’s budgeted factory O/H was $600,000, based on a budgeted volume of 50,000 direct labor hours, at a standard direct labor rate of $6 per hour. Actual factory O/H amounted to $620,000, with actual direct labor cost of ...
[DOC File]BUDGETING - CPA Diary
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10. Tropical Manufacturing Corporation is using the following flexible-budget formula for annual indirect labor cost: Total cost = P12,000 + P0.75 per machine hour. For the month of June, the operating budgets are based upon 10,000 hours of planned machine time. Indirect labor costs included in this planning budget are . a. P7,500 b. P8,500 c ...
[DOC File]GSA Advantage!
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The prices for the indicated SCA labor categories are based on the U.S. Department of Labor Wage Determination Number(s) identified in the matrix. The prices offered are based on the preponderance of where work is performed and should the contractor perform in an area with lower SCA rates, resulting in lower wages being paid, the task order ...
[DOC File]FOOD SERVICE FORMULA MATH PROBLEMS
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Based on the figures below, what is the labor cost per meal? Productive labor $125,000. Nonproductive labor $ 7,000. Food purchases $ 75,000. Number of meals served 65,000 Total labor costs= $132,000. 132000/65000= $2.03 per meal You are trying to decide between products. Which would cost you less? How much? Product #1--$2.35/lb. 80% yield
[DOCX File]Sample Indirect Cost Proposal Format For Nonprofit ...
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Direct allocation or multiple allocation methods: If this method is used please provide the allocation base used for determining amounts applied to direct programs and indirect cost pool. Examples for allocation bases for occupancy distribution are FTE occupied, labor dollars, sq-ft analysis, etc.
[DOC File]Chapter 5
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Therefore, the cost formula using direct labor-hours as the activity base is $17,000 per quarter plus $9,000 per thousand direct labor-hours, or. Y = $17,000 + $9,000X. Note that the R2 is 0.93, which means that 93% of the variation in utility costs is explained by the number of direct labor-hours.
[DOC File]Flexible Budgets and Overhead Analysis
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Cost Formula (per machine-hour) Activity (in machine-hours) 3,000 3,100 Variable overhead costs: Supplies $4.40 $ 13,200 $ 13,640 Indirect labor 4.40 13,200 13,640 Total variable overhead cost $8.80 26,400 27,280 Fixed overhead costs: Salaries 55,800 55,800 Depreciation 58,590 58,590 Total fixed overhead cost 114,390 114,390 Total overhead cost ...
[DOC File]CHAPTER 3
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4. Unit labor cost = Total labor cost/Classes taught = $2,600/100 = $26. 5. New total classes = 100 + (0.50 × 100) = 150. Total labor cost = $600 + ($20 × 150) = $3,600. Unit labor cost = $3,600/150 = $24.00. The unit labor cost went down because the fixed cost, which stays the same, is spread over a greater number of classes taught ...
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