Exquisite Exteriors Installs Stucco on High-Priced Custom Homes, Using the Time-And-Materials

question 56

Essay

Exquisite Exteriors installs stucco on high-priced custom homes, using the time-and-materials method to price jobs for individual builders. Exquisite anticipates using $250,000 of materials during the year and will incur $15,000 for material handling and storage. Other overhead costs, which are driven by the company's 18,000 direct labor hours, will total $360,000. Exquisite pays construction crews $17 per labor hour and adds a markup of $19 per hour on its time charges. There is no profit markup on material cost.
During the first quarter of the year, Exquisite performed 24 jobs for Don Henderson Builders, using 3,100 labor hours and $72,000 of materials.
Required:

Calculate the amount that Exquisite would bill Don Henderson Builders for work performed.

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Definitions:

Support

The action or role of bearing the weight or stress of something, or providing assistance and stability when needed.

Cytoplasm

The jelly-like substance within a cell that contains the organelles, excluding the nucleus.

Plasma Membrane

The lipid bilayer that encloses the cytoplasm of a cell, providing structural support and controlling movement of substances in and out of the cell.

Nucleus

An organelle found in eukaryotic cells, containing most of the cell's genetic material and acting as the control center for cell growth, metabolism, and reproduction.