# Simple Accounting ? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [April 29, 2008, 12:40pm UTC](https://forums.speedlife.net/t/simple-accounting/47629 "2008-04-29T12:40:29Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [April 29, 2008, 12:40pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/1 "2008-04-29T12:40:29Z")
I don’t know why I’m getting the wrong answer to this question. Let’s see if anyone here can get the correct answer… I’m assuming the software is incorrect ( that is validating the answer ) > The Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: > The average shop direct labor rate is $17 per hour. > Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. Nothing but to someone that gets it correct. According to the software, the correct answer is NOT **8286.76** ---
**Author:** ![TgDn32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tgdn32/32/7360_2.png) [@TgDn32](https://forums.speedlife.net/u/TgDn32)\ **Post date:** [April 29, 2008, 12:43pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/2 "2008-04-29T12:43:40Z")
Mmm cost accounting, fun times. I can look at it after 9:00pm. (Senior Accounting major @ Canisius) ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [April 29, 2008, 12:44pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/3 "2008-04-29T12:44:48Z")
( I graduated with an accounting degree from UB, have books in front of me, yet this basic ass question is stumping me ) ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [April 29, 2008, 12:45pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/4 "2008-04-29T12:45:40Z")
$7.47/hour? ---
**Author:** ![BuickGN](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/buickgn/32/7200_2.png) [@BuickGN](https://forums.speedlife.net/u/BuickGN)\ **Post date:** [April 29, 2008, 12:48pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/5 "2008-04-29T12:48:25Z")
> [@sureshot!](#): > > ( I graduated with an accounting degree from UB, have books in front of me, yet this basic ass question is stumping me ) too much GTA, not enough work ---
**Author:** ![chino](https://avatars.discourse-cdn.com/v4/letter/c/bcef8e/32.png) [@chino](https://forums.speedlife.net/u/chino)\ **Post date:** [April 29, 2008, 12:48pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/6 "2008-04-29T12:48:42Z")
> [@sureshot!](#): > > ( I graduated with an accounting degree from UB, have books in front of me, yet this basic ass question is stumping me ) So your degree… failed you books… you can’t read 'em basic ass… owns you hard. ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [April 29, 2008, 12:53pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/7 "2008-04-29T12:53:39Z")
> [@Fry](#): > > $7.47/hour? Thanks for trying, but that’s not it. > [@BuickGN](#): > > too much GTA, not enough work Probably true. > [@chino](#): > > So your degree… failed you Definitely true. ---
**Author:** ![97FormulaWS-6](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/97formulaws-6/32/7384_2.png) [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)\ **Post date:** [April 29, 2008, 12:58pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/8 "2008-04-29T12:58:59Z")
$45.71 ---
**Author:** ![97FormulaWS-6](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/97formulaws-6/32/7384_2.png) [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)\ **Post date:** [April 29, 2008, 1:00pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/9 "2008-04-29T13:00:29Z")
or $24.47 ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [April 29, 2008, 1:04pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/10 "2008-04-29T13:04:33Z")
Both incorrect. ☹ ---
**Author:** ![BuickGN](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/buickgn/32/7200_2.png) [@BuickGN](https://forums.speedlife.net/u/BuickGN)\ **Post date:** [April 29, 2008, 1:05pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/11 "2008-04-29T13:05:37Z")
god are we in tard heaven here? ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [April 29, 2008, 1:22pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/12 "2008-04-29T13:22:23Z")
bump for brain power ---
**Author:** ![ecoshardcore](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ecoshardcore/32/7591_2.png) [@ecoshardcore](https://forums.speedlife.net/u/ecoshardcore)\ **Post date:** [April 29, 2008, 1:23pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/13 "2008-04-29T13:23:30Z")
62.71? ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [April 29, 2008, 1:25pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/14 "2008-04-29T13:25:10Z")
> [@ecoshardcore](#): > > 62.71? Nope, thanks for trying ☹ ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [April 29, 2008, 1:27pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/15 "2008-04-29T13:27:38Z")
Just saw these… > Hint #1 of 4: Factory overhead includes all manufacturing cost except direct materials and direct labor. > Hint #2 of 4: Cost allocation is the process of assigning factory overhead cost to a cost object, such as a job. > Hint #3 of 4: Predetermined factory overhead rate is equal to estimated total factory overhead cost divided by estimated activity base. > Hint #4 of 4: Direct materials (auto parts), direct labor (shop labor), advertising and administrative expenses (period costs) are not part of total shop overhead. ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [April 29, 2008, 1:28pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/16 "2008-04-29T13:28:06Z")
4.60 that should be right. ---
**Author:** ![BuickGN](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/buickgn/32/7200_2.png) [@BuickGN](https://forums.speedlife.net/u/BuickGN)\ **Post date:** [April 29, 2008, 1:29pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/17 "2008-04-29T13:29:08Z")
lol well fuck everyone else is just throwing a guess up here, ill say 1.380 ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [April 29, 2008, 1:29pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/18 "2008-04-29T13:29:46Z")
mine should be right. ---
**Author:** ![ecoshardcore](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ecoshardcore/32/7591_2.png) [@ecoshardcore](https://forums.speedlife.net/u/ecoshardcore)\ **Post date:** [April 29, 2008, 1:29pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/19 "2008-04-29T13:29:58Z")
21.18 I dont think you take into account the depreciation or admin and advert expense. Its been a while though ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [April 29, 2008, 1:31pm UTC](https://forums.speedlife.net/t/simple-accounting/47629/20 "2008-04-29T13:31:48Z")
> [@ecoshardcore](#): > > 42.43 > > I dont think you take into account the depreciation or admin and advert expense. Its been a while though josh, im not sure how you are getting that number, but you need to first divide 17 into 520625 to get the number of labor hours worked. [Next page](https://forums.speedlife.net/t/simple-accounting/47629.md?page=2)