Question
Grass Roots Consulting Company provides a variety of services to clients. For the year 2020, It had established the following budgets: Materials and supplies (to
Grass Roots Consulting Company provides a variety of services to clients. For the year 2020, It had established the following budgets: Materials and supplies (to be used directly for individual clients) $586,400 Consultant hours 125,000 Consultant labour costs $5,160,000 Overhead costs relating to consulting $ 622,080 Overhead costs relating to processing instructions issued by consultants $1,254,200 Processing hours 89,900 Grass Roots uses two types of overhead costs and uses two different bases to allocate overhead costs to client jobs. Consulting overhead costs are allocated based on consultant hours and processing overhead costs are allocated based on processing hours. The company has received a job from TopJob Company (job nr 2020-445) to provide some services to client from September 1 until September 30. Materials and supplies used for this job totalled $7,460, the consultants spent 8,000 hours working for the client and an additional 5,500 was spent on processing work. The company has a profit margin of 50%. Complete the job cost record for this client. Copy and paste your answer from Excel in the space provided.
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