Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Baptiste Accounting Services expects its accountants to work a total of 33,000 drect labor hours per year. The company's estimated total indirect costs are $150,000.

image text in transcribed
Baptiste Accounting Services expects its accountants to work a total of 33,000 drect labor hours per year. The company's estimated total indirect costs are $150,000. The direct labor rate is $104 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Baptiste performs a job requiring 48 hours of direct labor and bils the client using a standard markup of 40% of costs, calculate the amount of the client's bill. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. $7,295 B. $199,680 C. $2,084 D. $4,992 Baptiste Accounting Services expects its accountants to work a total of 33,000 drect labor hours per year. The company's estimated total indirect costs are $150,000. The direct labor rate is $104 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Baptiste performs a job requiring 48 hours of direct labor and bils the client using a standard markup of 40% of costs, calculate the amount of the client's bill. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. $7,295 B. $199,680 C. $2,084 D. $4,992

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

The Data And Analytics Playbook Proven Methods For Governed Data And Analytic Quality

Authors: Lowell Fryman, Gregory Lampshire, Dan Meers

1st Edition

0128023074, 978-0128023075

More Books

Students also viewed these Accounting questions

Question

How are organization expenses reported?

Answered: 1 week ago