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In June,Robust Engineering Worked on Three Contracts: 1,200 Hours for Tico

question 78

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In June,Robust Engineering worked on three contracts: 1,200 hours for Tico Company,1,100 hours for Navel LLC and 3,400 for Lutron Corp.Robust bills clients at the rate of $150 per hour;labor cost for its engineering staff is $45 per hour.The total number of hours worked in June was 6,000 (any untraced hours are considered overhead),and non-labor overhead costs were $325,000.Overhead is applied to clients at $55 per labor-hour.In addition,Robust had $243,000 in marketing and administrative costs.All transactions are on account.All services were billed.Required:
a.Determine the cost of each of the three jobs.b.What is the amount of over- or underapplied overhead?
c.How much operating profit did Robust make in June? Assume the over- or underapplied overhead is not closed out each month.

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Definitions:

Public Rituals

These are ceremonial practices conducted by a community or society, reflecting its cultural or religious values and traditions.

Colonial Resistance

Colonial Resistance refers to the actions and opposition by colonized peoples against their colonial rulers, often leading to independence movements.

Resistance Movement

A coordinated action by a segment of a country's civilian population aimed at opposing the officially recognized government or an occupying force, while aiming to disturb the peace and stability of the society.

Intercolonial Congress

A meeting or assembly between colonies, especially concerning early American history, focused on collaboration and addressing common issues.

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