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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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