Birminham Contractors uses a job order costing system. In May 2010, the company made $3,300,000 bid to build a pedestrian overpass over the beach…


Birminham Contractors uses a job dispose absorbing scheme. In May 2010, the assemblage made $3,300,000 bid to institute a pedestrian balancepass balance the seaboard public-way at Gulf Shores, Alabama. Birminham Contractors won the bid and assigned #515 to the scheme. Its drift age was set at December 15, 2010. The forthcoming absorbs were estimated for drift of the balancepass: $1,240,000 for trodden esthetic, $670,000 for trodden drudge and $402,000 for balancehead.During July, effort began on job #515; trodden esthetic absorb assigned to job #515 was $121,800, and trodden drudge absorb associated after a while it was $175,040. The attached uses a pre-determined OH rebuke of 60% of trodden drudge absorb. Birminham Contractors too efforted on diverse other jobs during July and incurred the forthcoming absorbs:Direct Materials (including job #515) issued $579,300 Trodden Drudge (including job #515) accrued $84,000Introdden Drudge $5,800Administrative salaries and allowance accrued $39,600Depreciation on composition equipment $26,400Depreciation on duty equipment $7,800Client relief (on accounts payable) $11,100Advertising for attached (compensated in currency) $6,600Introdden Esthetic (from anticipation catalogue) $ 18,600Misc. expenses (design-related; to be compensated in the forthcoming month) $10,200Accrued Utilities (for duty, $1,800; for composition, $5,400) $7,200During July, Birminham Contractors completed diverse jobs that had been in system antecedently the prelude of the month. These completed jobs sold for $1,224,000 and reimbursement procure be made to the assemblage in August. The connected job absorb quibbles showed absorbs associated after a while those jobs of $829,000. At the prelude of July, Birminham Contractors had Effort in System Catalogue $871,800.a.Prepare a job dispose absorb quibble for job #515, including all job details, and shaft the expend absorb knowledge for July.b.Prepare record entries for the prior knowledge.c.Prepare a Absorb of Goods Manufactured Schedule for July for Birminham Contractors.d.Assuming that the assemblage pays proceeds tax at a 40% rebuke, adapt an proceeds declaration for Birminham Contractors.

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