Bruner constructors, inc. has consistently used the percentage-of-completion method of recognizing income. in 2014, bruner started work on a $42,000,000 construction contract that was completed in 2015. the following information was taken from bruner's 2014 accounting records: progress billings $13,200,000costs incurred 12,600,000collections 8,400,000estimated costs to complete 25,200,000what amount of gross profit should bruner have recognized in 2014 on this contract?

Why should managers invest any excess cash

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b. assessment criteria are inexpensive. c. assessment criteria provide you with a list of relevant things to measure. d. assessment criteria provide you with a list of people to contact to learn more about process mentoring.

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?