A company is taking bids on four construction jobs. Three contractors have placed bids on the jobs. Their bids (in thousands of dollars) are given in the file P05_52.xlsx. (A blank indicates that the contractor did not bid on the given job.) Contractor 2 can do only one job, but contractors 1 and 3 can each do up to two jobs. Determine the minimum cost assignment of contractors to jobs

Heidt Cleaning Services (HCS) is a local custodial service company serving both the residential and commercial markets. The owner is considering dropping the commercial clients because that business seems only marginally profitable. Twenty-five employees worked a total of 45,300 hours last year, 30,200 on commercial jobs and 15,100 on residential jobs. Wages were $20 per hour for all work done. Any materials used are included in overhead as supplies. All overhead is allocated on the basis of labor-hours worked, which is also the basis for customer charges. Given current economic conditions and competition, HCS bills residential clients $40 per hour and commercial clients $30 per hour. Required: If overhead for the year was $404,580, what were the profits of the residential and commercial services using labor-hours as the allocation base? Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar. Overhead consists of costs of supervision,…

Smith Manufacturing Company allows employees to purchase materials, such as metal and limber, for personal use at a price equal to the company's cost.  To purchase materials, an employee must complete a materials requisition form, which must then be approved by the employee's immediate supervisor.  Brian, an assistant cost accountant, then charges the employee an amount based on Smith's net purchase cost. Brian is in the process of replacing a deck on his home and has requisitioned lumbar for personal use, which has been approved in accordance with company policy.  In computing the cost of the lumber, Brian reviewed all the purchase invoices for the past year.  He then used the lowest price to compute the amount due to the company for the lumber.  The Institute of Management Accountants (IMA) is the professional organization for managerial accountants.  The IMA has established four principles of ethical conduct for its members: Honesty Fairness Objectivity Responsibility These…

I need requirement A-C please.