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Determining cost and price for services A1 Diaz and Associates incurred the following direct labor costs in completing tax services job for a client. Diaz

Determining cost and price for services

A1

Diaz and Associates incurred the following direct labor costs in completing tax services job for a client. Diaz applies overhead at 50% of direct labor cost.

1. Determine the total cost of this tax services job.

2. If Diaz charged $20,000 for this tax services job, what is the gross profit for the job?

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