Question
From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. Actual results for the year
| From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. | ||||||
| Actual results for the year were the following: | ||||||
| Total direct labor hours | 100,000 | |||||
| Total indirect labor hours | 35,000 | |||||
| Direct costs | $900,000 | |||||
| Total indirect labor related costs | $400,000 | |||||
| Total indirect nonlabor related costs | $250,000 | |||||
| The budgeted indirect cost rate is: | A | $7 | ||||
| B | $19 | |||||
| C | $16 | |||||
| D | $9 | |||||
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Government Contracts Audits And Compliance
Authors: Gregory A. Garrett
1st Edition
0808023926, 978-0808023920
