Homework Answers
| Budgeted direct cost allocation rate is = (Budgeted direct cost/Budgeted labor hours) |
| Budgeted direct cost allocation rate is = (525000/500000) |
| Budgeted direct cost allocation rate is = $ 1.05/. Per hour |
| Answer is $ 1.05 per hour |
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QUESTION 18 Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct...
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs....
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs. Budgeted indirect costs are $809,200 and actual indirect costs were $798,000. Budgeted professional labor-hours are 1,190,000 and actual hours were 1,326,000. What is the budgeted direct cost - allocation rate? (Round the final answer to the nearest cent.) O A. $1.35 per hour B. $1.40 per hour C. $1.56 per hour OD. $0.68 per hour
L & L, CPAs, employs two full-time professional CPAs and five support employees. Budgeted direct salary...
L & L, CPAs, employs two full-time professional CPAs and five support employees. Budgeted direct salary costs include $160,000 for each CPA. The support employees are considered as indirect costs, and this cost was budgeted for $221,000 although the actual cost was $246,000. Actual salaries were $144,000 for each CPA. Direct and indirect costs are applied on a CPA-labor-hour basis. Total budgeted CPA-labor-hours were 4,000. If a client used 600 labor-hours, what are the budgeted direct-cost rate and the budgeted...
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27...
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27 professional deaners Budgeted costs total 51.831 500 of which 51 609 500 is de labor-hours are 1.110,000 and actual hours were 1465,200. What is the budget direct cost-allocation rate? O A 5165 per hour O B. $125 per hour OC 50.79 per hour OD 51.45 per hour
2 Kahn & Associates is a low firm sp i n d l ated work employs...
2 Kahn & Associates is a low firm sp i n d l ated work employs 25 professionals partners and 18 associates) who work direct with clients Them e budete total compensation per professional or 2017 is $110.000. Each professionalisbudpated to havn 2000 hab hours to clients in 2017. All professionals work for Clients to their maximum 2.000 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per...
The Meredith Company reported the following information: Indirect Costs Direct Professional Variable Fixed Total |...
The Meredith Company reported the following information: Indirect Costs Direct Professional Variable Fixed Total | Labor-Hours (1) (2) (3) 50,000 $70,000 $120,000 3,400 Variable Indirect Cost Rate per Direct Professional Labor-Hour (5) S14.70 Fixed Indirect Cost Rate per Direct Professional Labor-Hour (6) $20.58 Total Allocation Rate per Direct Professional Labor-Hour High- output month Low- output month 10,000 70,000 $80,000 900 S11.11 $77.77 Required: Compute the Total Allocation Rate per Direct Professional Labor-Hour. $352.90; 888.88 $35,299.90; $88,888.88 $3,529.90; $8,888.88 $35.29; $88.88...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2017 is $119,000. Each professional is budgeted to have 1,750 billable hours to clients in 2017. All professionals work for clients to their maximum 1,750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
A local accounting firm employs 24 full-time professionals. The budgeted annual compensation per employee is $45,000....
A local accounting firm employs 24 full-time professionals. The budgeted annual compensation per employee is $45,000. The average chargeable time is 420 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis. Other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are $790,000, and the firm expects to have 90 clients during the coming year....
Roiann and Dennett Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs...
Roiann and Dennett Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2014: Budget Actual Indirect costs $270,000 $300,000 Annual salary per attorney $100,000 $110,000 Annual salary per paraprofessional $ 29,000 $ 30,000 Total professional labor-hours 50,000 dlh 60,000 dlh What would be the total costs in a normal costing system if 200 professional...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2011 is $119,000. Each professional is budgeted to have 1.750 billable hours to clients in 2011. All professionals work for clients to their maximum 1.750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
Keaton & Associates is a law firm specializing in labor relations and employee-related work. It employs...
Keaton & Associates is a law firm specializing in labor relations and employee-related work. It employs 2525 professionals (55 partners and 2020 associates) who work directly with its clients. The average budgeted total compensation per professional for 2017 is $ 117 000. Each professional is budgeted to have 1800 billable hours to clients in 2017. All professionals work for clients to their maximum 1 800 billable hours available. All professional labor costs are included in a single direct-cost category and...
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs. Budgeted indirect costs are $809,200 and actual indirect costs were $798,000. Budgeted professional labor-hours are 1,190,000 and actual hours were 1,326,000. What is the budgeted direct cost - allocation rate? (Round the final answer to the nearest cent.) O A. $1.35 per hour B. $1.40 per hour C. $1.56 per hour OD. $0.68 per hour
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27 professional deaners Budgeted costs total 51.831 500 of which 51 609 500 is de labor-hours are 1.110,000 and actual hours were 1465,200. What is the budget direct cost-allocation rate? O A 5165 per hour O B. $125 per hour OC 50.79 per hour OD 51.45 per hour
2 Kahn & Associates is a low firm sp i n d l ated work employs 25 professionals partners and 18 associates) who work direct with clients Them e budete total compensation per professional or 2017 is $110.000. Each professionalisbudpated to havn 2000 hab hours to clients in 2017. All professionals work for Clients to their maximum 2.000 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per...
The Meredith Company reported the following information: Indirect Costs Direct Professional Variable Fixed Total | Labor-Hours (1) (2) (3) 50,000 $70,000 $120,000 3,400 Variable Indirect Cost Rate per Direct Professional Labor-Hour (5) S14.70 Fixed Indirect Cost Rate per Direct Professional Labor-Hour (6) $20.58 Total Allocation Rate per Direct Professional Labor-Hour High- output month Low- output month 10,000 70,000 $80,000 900 S11.11 $77.77 Required: Compute the Total Allocation Rate per Direct Professional Labor-Hour. $352.90; 888.88 $35,299.90; $88,888.88 $3,529.90; $8,888.88 $35.29; $88.88...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2017 is $119,000. Each professional is budgeted to have 1,750 billable hours to clients in 2017. All professionals work for clients to their maximum 1,750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2011 is $119,000. Each professional is budgeted to have 1.750 billable hours to clients in 2011. All professionals work for clients to their maximum 1.750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
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