Alejandro Associates is an accounting firm that provides audit and tax services to its clients. Each...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Alejandro Associates is an accounting firm that provides audit and tax services to its clients. Each tax return is considered a "job" for the firm, just like a manufacturing company considers a customer order as a "job." Alejandro has direct costs related to Tax Return 8405 as follows: 6 hours of staff labor @ $123 per hour 4 hours of assembly labor @$165 per hour $59 of materials In addition, Alejandro Associates estimates its overhead related to the manufacture of tax returns to be $59,404 for the year. The company expects to do 10,204 returns for the year. The company also expects to use 56.669 staff hours for the year. If Alejandro allocates overhead to jobs based on staff hours, what is the total cost of Tax Return 8405? "Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar. Alejandro Associates is an accounting firm that provides audit and tax services to its clients. Each tax return is considered a "job" for the firm, just like a manufacturing company considers a customer order as a "job." Alejandro has direct costs related to Tax Return 8405 as follows: 6 hours of staff labor @ $123 per hour 4 hours of assembly labor @$165 per hour $59 of materials In addition, Alejandro Associates estimates its overhead related to the manufacture of tax returns to be $59,404 for the year. The company expects to do 10,204 returns for the year. The company also expects to use 56.669 staff hours for the year. If Alejandro allocates overhead to jobs based on staff hours, what is the total cost of Tax Return 8405? "Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
When is break-even analysis useful?
-
J Spratt is the proprietor of a shop selling books, periodicals, newspapers and childrens games and toys. For the purposes of his accounts he wishes the business to be divided into two departments:...
-
Transferred-in costs, FIFO costing (continuation of 17-43). Refer to the information in Problem 17-43. Suppose that Publish Inc. uses the FIFO method instead of the weighted- |J ia)c ost of work in...
-
Hot Air in a Physics Leeture (a) A typical student listening attentively to a physics lecture has a heat output of 100 W. How much heat energy does a class of 90 physics students release into a...
-
There is a 0.86 correlation between variables A and B. The partial correlation between A and B, after controlling for a third variable, is 0.67. Does this third variable completely account for the...
-
A botanist conducts study about the average number of blooms on a well-tended marigold plant. 73 seedlings are cultivated to maturity and the number of blooms recorded. The results are given in the...
-
. I'm planning to start a food stand in Bali, Indonesia. The stall's signature dish, Nasi Goreng (fried rice), will be complemented with a selection of traditional street delicacies; guests will be...
-
At what stage of the system development project (for example feasibility study, requirement analysis, etc) would a prototype be useful as means of reducing the following uncertainties? two Scenario...
-
Janet was given a check for $10. While still at home, she indorsed the back of the check with her signature and added no other words. On the way to the bank she lost the check which was found by...
-
I believe that an increase in the use of robotics will cause both a loss of jobs and a shifting of jobs. Unfortunately, I belive that the loss of jobs will be a greater number than the amount of jobs...
-
The situation or issue that prompted me to search the literature is the lack of upper management minority leadership Even with today's technological advancements, industry leaders have tried to...
-
There is an incredible amount of false information floating around about the labor market. Navigate to https://fred.stlouisfed.org/categories/32443 and review the following information: Labor Force...
-
Mission Foods produces two flavors of tacoschicken and fishwith the following characteristics. ChickenFishSelling price per taco$3.60$5.10Variable cost per taco1.802.55Expected sales...
-
The most desirable measure of profit center performance for evaluating the performance of the manager is the profit centers: pl56 a b c d Net income Contribution to indirect expenses Revenue less...
-
What are the two components of the return on investment equation? ph4
-
What is residual income? What is one of the advantages of its use in performance measure- ment? pg25
Study smarter with the SolutionInn App