1. Optimum Finance Incorporated provides budget, savings, and investment services to clients who want a stress-free financial lifestyle. The company customizes a program for each client based on their individual goals that includes budget recommendations, investment counseling, and savings techniques. The company uses a job order cost system that keeps track of the cost of the amount of time financial consultants spend with each client.Optimum applies all indirect operating costs (e.g., rent, utilities, and management salaries) as a percentage of the consultant's labor cost. During the most recent year, the firm estimated that it would pay $250,000 to its consultants and incur indirect operating costs of $300,000. Actual consultant labor costs were $268,750 and actual indirect operating costs were $275,000. During the year, Optimum provided 36 hours of consulting services to Robert Howard for which Optimum pays an average of $18 per hour. What is the total cost of providing services to Robert?Multiple Choice$1,361.$1,188.$1,426.$1,311.2. Optimum Finance Incorporated provides budget, savings, and investment services to clients who want an stress-free financial lifestyle. The company customizes a program for each client based on their individual goals that includes budget recommendations, investment counseling, and savings techniques. The company uses a job order cost system that keeps track of the cost of the amount of time financial consultants spend with each client.Optimum applies all indirect operating costs (e.g., rent, utilities, and management salaries) as a percentage of the consultant's labor cost. During the most recent year, the firm estimated that it would pay $500,000 to its consultants and incur indirect operating costs of $875,000. Actual consultant labor costs were $537,500 and actual indirect operating costs were $850,000. During the year, Optimum provided 40 hours of consulting services to Joan Clair for which Optimum pays an average of $22 per hour. What is the total cost of providing services to Joan?Multiple Choice$2,420.$1,383.$2,272.$2,376.Question 3 and 4

Russo Cabinets is a custom cabinet builder. It recently completed a set of kitchen cabinets (Job 1887), as summarized below: Belton Custom Kitchens is a custom cabinet builder. It recently completed a set of kitchen cabinets (Job 3097), as summarized below: Job Number : 1887 Date Started: 4/17/20x8 Job Number : 3097 Date Completed: 4/29/20x8 Date Started: 11/10/20x8 Description: Pecan kitchen cabinets Date Completed: 11/27/20x8 Direct Materials Direct Labor Applied Manufacturing Overhead Description: Oak kitchen cabinets Requisition Number Amount Ticket Hours Amount Amount Applied Manufacturing Hours Rate Direct Materials 385 Direct Labor $ 700 128 33 $ 696 Overhead Requisition 391 625 130 44 996 Number 395 Ticket 550 133 30 690 Amount Hours Amount Hours Rate Amount 1385 $ 700 2128 38 $ 796 401 715 1391 625 2130 47 1, 021 Total $ 2, 590 Total 107 $ 2,382 1395 550 2133 34 708 Cost Summary 1401 615 2144 38 814 Direct Materials Cost $ 2,590 Total $ 2, 490 Total 157 $ 3, 339 Direct Labor Cost 2, 382 Applied Manufacturing Overhead Cost Summary Total Cost Direct Materials Cost 2, 490 Direct Labor Cost 3, 339 Russo applies overhead to jobs at a rate of $18 per direct labor hour. Applied Manufacturing Overhead Total Cost Required: Belton applies overhead to jobs at a rate of $17 per direct labor hour. a. How much overhead would be applied to Job 1887? b. What is the total cost of Job 1887? Required: a. How much overhead would be applied to Job 3097? a. Applied Manufacturing Overhead b. What is the total cost of Job 3097? b. Total Cost a. Applied Manufacturing Overhead b. Total Cost Prev 8 of 50 Next >