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Hugo's Consulting expects its consultants to work a total of 7,000 direct labor hours during the...

Hugo's Consulting expects its consultants to work a total of 7,000 direct labor hours during the upcoming year and are paid $175,000. Estimated total indirect costs are $84,000. The indirect cost allocation rate is based on direct labor hours. What is the total cost of Job 628 that used 12 hours of labor time? Round to the nearest whole number. Do not include dollar signs or commas in your answer.

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Answer #1

Direct labour rate= Total Direct labour cost/Direct labour hours

=175000/7000

=25 per hour

Indirect Cost allocation rate= Total indirect cost/direct labour hours

=84000/7000

=12 per hour

Total Cost of Job 628:- (For 12 hours)

Direct labour cost (25*12 hours) 300
Indirect cost (12*12 hours) 144
Total Cost 444

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