Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following budgeted data for the client case of Flint's accounting firm. The client wants a fixed price quotation. Direct professional labour $ 20,900

image text in transcribed
image text in transcribed
Consider the following budgeted data for the client case of Flint's accounting firm. The client wants a fixed price quotation. Direct professional labour $ 20,900 Direct support labour 9,000 Fringe benefits for direct labour 14,100 Photocopying 1,900 Telephone calls 2,200 Computer lines 5,800 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, Assume that the partners' policy is to quote a fixed fee at 10% above the total costs. What fee would be quoted? Quoted fee s repare a schedule of the budgeted total costs for the clie $ Other direct costs Direct labour costs Professionallabour $ Total Allocated overhead policy is to quote a fixed fee at 10 Support labour Budgeted costs

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

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

Recommended Textbook for

Accounting, Chapters 1-13

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

25th Edition

1285069625, 9781285069623

More Books

Students also viewed these Accounting questions

Question

Appreciate the services that consultants provide

Answered: 1 week ago

Question

Know about the different kinds of consultants

Answered: 1 week ago