Question
a local consulting firm employes 30 full time staff. the budgeted compensation per employee is $50 000, for 2000hours. all direct labour costs are charged
a local consulting firm employes 30 full time staff. the budgeted compensation per employee is $50 000, for 2000hours. all direct labour costs are charged to clients. any other costs are included in a single indirect-cost pool, allocated according to labour-hours. actual indirect costs were $750 000. Budgeted indirect costs for th eyear are $525000 and the firm expects to have 60 clients during the coming year. what is the total cost of a job which took 27 hours, using normal costing? show work
a company employes 25 full time staff. the company spent $75000 in advertising in the year (this amount is a period cost with a constant amount spent each year). budgeted indirect manufacturing costs total $250 000 and the direct labour rate is $15 per hour. Budgeted labour hours were 500 000 and actual labour hours were 524000. actual indirect overhead was $274600. What are the actual and normal indirect cost rates respectively? show work
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