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Consider the following budgeted data for the client case of Skysong's accounting firm. The client wants a fixed-price quotation. Direct professional labour $ 21,000 Direct
Consider the following budgeted data for the client case of Skysong's accounting firm. The client wants a fixed-price quotation. Direct professional labour $ 21,000 Direct support labour 10,600 Fringe benefits for direct labour 12,200 Photocopying 2,100 Telephone calls 2,000 Computer lines 5,500 Overhead is allocated at the rate of 100% of direct labour cost. Prepare a schedule of the budgeted total costs for the client. Show subtotals for total direct labour costs and total costs as a basis for mark-up. Professional labour 21000 Support labour 10600 Allocated overhead v Other direct costs Assume that the partners' policy is to quote a fixed fee at 10% above the total costs. What fee would be quoted? Quoted fee
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