Question
Alita Associates is an accounting firm that provides audit and tax services to its clients. Each audit is considered a job for the firm, just
Alita Associates is an accounting firm that provides audit and tax services to its clients. Each audit is considered a "job" for the firm, just like a manufacturing company considers a customer order as a "job."
Alita has direct costs related to performing an Audit #230 as follows:
7 hours of staff labor @ $96 per hour
5 hours of assembly labor @$34 per hour
$43 of materials
In addition, Alita Associates estimates its overhead related to the manufacture of audits to be $52,381 for the year. The company expects to do 10,536 audits for the year. The company also expects to use 52,342 staff hours for the year. If Alita allocates overhead to jobs based on staff hours, what is the total cost of Audit #230? *Hint, make a job order cost sheet for Job 230. It should include materials, labor, and overhead. There are two types of labor here, but you will just add them up to get total labor for Job 230. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.
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