Question
Calculating Price by Applying a Markup Percentage to Cost The J. Escobar Law Firm provides various legal services to organizations. J. Escobar has decided to
Calculating Price by Applying a Markup Percentage to Cost
The J. Escobar Law Firm provides various legal services to organizations. J. Escobar has decided to price its jobs at the total variable costs of the job plus 14.6 percent. The job for a medium-sized dance club client included the following costs:
| Direct materials | $ 5,000 |
| Direct labor (partners and staff accountants) | 90,000 |
| Depreciation (using straight-line method) on Integritys office building | 50,000 |
Required:
Calculate the price charged by The J. Escobar Law Firm to the dance club. If required, round to the nearest dollar. $fill in the blank 1
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Accounting Understanding And Practice
Authors: Robert Perks
4th Edition
9780077139131
