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Elite Stationary employs 20 full -time employees and 10 trainees. Direct and indirect costs are applied on a professional labor-hour basis that includes both employee
Elite Stationary employs 20 full -time employees and 10 trainees. Direct and indirect costs are applied on a professional labor-hour basis that includes both employee and trainee hours. Following is information for 2018: Indirect costs Annual salary of each employee Annual salary of each trainee Total professional labor-hours Budget $350,000 $250,000 $40,000 Actual $450,000 $270,000 $45,000 40,000 dih 50,000 dilh How much should a client be billed in a normal costing system when 1,300 professional labor- hours are used? OA. $118,950 OB. $163,475 O c. $173,875 O D. $163,800
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