Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Doull IT Service employs 12 full-time IT Leaders and 10 System Support Representative. Direct and indirect costs are applied on a professional labor-hour basis that
Doull IT Service employs 12 full-time IT Leaders and 10 System Support Representative. Direct and indirect costs are applied on a professional labor-hour basis that includes both IT Leader and System Support Representative hours. Following is information for 2015: Actual Budget Indirect Costs Annual salary of each IT Leader Annual salary of each System Support Rep Total professional labor hours $900,000 $330,000 $90,000 60,000dlh $810,000 $300,000 $87,000 50,000dih a. What are the actual direct-cost rate and the actual indirect-cost rate, respectively, per professional labor-hour? b. How much should the client be billed in an actual costing system if 200 professional labor-hours are used? C. How much should the client be billed in an actual costing system if 350 professional labor-hours are used
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started