Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ashton & Associates, a law fem, hires lawyer Sophia Hampton at an annual salary of $135.000. The law firm expects her to spend 2.000 hours

image text in transcribed
Ashton & Associates, a law fem, hires lawyer Sophia Hampton at an annual salary of $135.000. The law firm expects her to spend 2.000 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney bling hours. Ashton atomes we expected to work a total of 12,000 direct labour hours this you. Before the fiscal year begins, Ashton estimates that the total direct costs that will be incurred for the following you BB Click the icon to view the financial data) Hampton spent 16 hours working for Cient 367 1. What would be the hourly (c) rate to Ashton & Associates of employing Hampion? 2. What direct labour cost would be traced to Client 367 3. What is the Indirect cost allocation rate? 4. What indirect costs will be allocated to Client 3677 5. What is the totaljob cost for Client 3677 1. What would be the hourly cost) rabe to Ashton & Associates of employing Hampton? Identify the correct formula and compute the hourly rate. (Round your answer to the nearest whole dollar) - Hourly rate 2. W Annual salary Bing hours iden Direct about borced to Client 3677 (Round interim and final answers to the nearest whole dolar) mpute the direct labour cost Direct labour cost Hourly rate Hours per year Indirect labour 3. W indirect materia ident Total expected hours sonra ompute the indirect cost allocation rate Round your answer to the nearest whole dar) 4. What indirect costs will be located to Clent 1677 Round interim and final answers to the nearest whole Choose from any list of enter any number in the input sends and continue to the question Ashton & Associates, a law fem, hires lawyer Sophia Hampton at an annual salary of $135.000. The law firm expects her to spend 2.000 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney bling hours. Ashton atomes we expected to work a total of 12,000 direct labour hours this you. Before the fiscal year begins, Ashton estimates that the total direct costs that will be incurred for the following you BB Click the icon to view the financial data) Hampton spent 16 hours working for Cient 367 1. What would be the hourly (c) rate to Ashton & Associates of employing Hampion? 2. What direct labour cost would be traced to Client 367 3. What is the Indirect cost allocation rate? 4. What indirect costs will be allocated to Client 3677 5. What is the totaljob cost for Client 3677 1. What would be the hourly cost) rabe to Ashton & Associates of employing Hampton? Identify the correct formula and compute the hourly rate. (Round your answer to the nearest whole dollar) - Hourly rate 2. W Annual salary Bing hours iden Direct about borced to Client 3677 (Round interim and final answers to the nearest whole dolar) mpute the direct labour cost Direct labour cost Hourly rate Hours per year Indirect labour 3. W indirect materia ident Total expected hours sonra ompute the indirect cost allocation rate Round your answer to the nearest whole dar) 4. What indirect costs will be located to Clent 1677 Round interim and final answers to the nearest whole Choose from any list of enter any number in the input sends and continue to the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions