Using the information in Chapter 12, problem 12–18, complete Table 15–12. problem 12–18 The Alpha…

Using the information in Chapter 12, problem 12–18, complete Table 15–12.
problem 12–18
The Alpha Machine Tool Project
Acme Corporation has received a contractual order to build a new tooling machine for Alpha Corporation. The project started several months ago. Table 15–14 is the Monthly Cost Summary for June, 2002. Some of the entries in the table have been purposely omitted, but the following additional information is provided to help you answer the questions below:
A. Assume that the overhead of 100% is fixed over the period of performance.
B. The report you are given is at a month end, June 30, 2002.
C. The 80/20 sharing ratio says that the customer (i.e., Alpha) will pay 80 percent of the dollars above the target cost and up to the ceiling cost. Likewise, 80 percent of the cost savings below the target cost go back to Alpha.
D. The revised BCWS is revised from the released BCWS.
E. The ceiling price is based on cost (i.e., without profit).
Answer the following questions by extracting data from the Alpha Machine Tool Project’s monthly summary report.
Answer the Following Questions for Direct Labor Only


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