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Consider the following budgeted data for the client case of Marin'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 Marin's accounting firm. The client wants a fixed-price quotation.
Direct professional labour | $ | 21,000 | |
Direct support labour | 9,400 | ||
Fringe benefits for direct labour | 13,300 | ||
Photocopying | 2,200 | ||
Telephone calls | 2,100 | ||
Computer lines | 6,200 |
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.
Budgeted costsProfessional labourAllocated overheadTotalDirect labour costsSupport labourOther direct costs : | ||||
Budgeted costsAllocated overheadProfessional labourSupport labourTotalOther direct costsDirect labour costs | $ | |||
Support labourOther direct costsDirect labour costsTotalAllocated overheadProfessional labourBudgeted costs |
| |||
Budgeted costsTotalAllocated overheadDirect labour costsOther direct costsProfessional labourSupport labour | ||||
Budgeted costsSupport labourTotalAllocated overheadDirect labour costsProfessional labourOther direct costs | ||||
Support labourBudgeted costsOther direct costsAllocated overheadProfessional labourDirect labour costsTotal |
| |||
Budgeted costsSupport labourProfessional labourAllocated overheadOther direct costsDirect labour costsTotal | $ |
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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