You have just made it to Manager at a mid-sized accounting firm. You have always wanted to introduce ABC as a method for tracing internal costs. You have done research on the standards used in firms of this size.

Position Billing Rate/Hr

Currently there are : - Senior Partner $250.00

Junior Partner 150.00

Total Billing rates $400.00

All partners have billing rates consistent with professional practice standards and clients are billed based on partners' billing rates, plus 20% of partners' billing rates as an overhead charge to cover all indirect costs.

Two clients were billed for work performed during the month just ended as follows:

Senior Partner Junior Partner Totals

Delta Corp. 10 Hours 15 Hours 25Hours

Zeno Ltd 15 Hours 10 Hours 25Hours

Total CPA Hrs 25 Hours 25 Hours 50Hours

Required: Please provide the invoice details prepared on the above basis for billing the individual clients.

Invoice: Time Charges Senior Partner Junior Partner Overhead Total Charges

Client : Delta Corp

Zeno Ltd