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Consider the following budgeted data for the client case of Pronghorn'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 Pronghorn's accounting firm. The client wants a fixed-price quotation. Direct professional labour $ 21,000 Direct support labour 10,400 Fringe benefits for direct labour 12,600 Photocopying 1,900 Telephone calls 2,100 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 $
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