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Diaz and Associates incurred the following direct labor costs in completing tax services job for a client. Diaz applies overhead at 60% of direct labor
Diaz and Associates incurred the following direct labor costs in completing tax services job for a client. Diaz applies overhead at 60% of direct labor cost. Direct Labor on Tax Job Hours Used Hourly Rate Partner 5 $ 490 Senior manager 17 180 Staff accountants 130 50 Determine the total cost of this tax services job. If Diaz charged $25,000 for this tax services job, what is the gross profit for the job
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