{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T11:00:10-04:00", "answer_date": "2024-05-26 11:00:10", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1735159", "url": "\/study-help\/questions\/greenfield-consultants-conducts-analyses-of-public-policy-issues-the-company-1735159", "question_creation_date_js": "2024-05-26T11:00:10-04:00", "question_creation_date": "May 26, 2024 11:00 AM", "meta_title": "[Solved] Greenfield Consultants conducts analyses | SolutionInn", "meta_description": "Answer of - Greenfield Consultants conducts analyses of public policy issues. The company has two units: Government (with various | SolutionInn", "meta_keywords": "greenfield,consultants,conducts,analyses,public,policy,issues,company,two,units,government,various", "question_title_h1": " Greenfield Consultants conducts analyses of public policy issues. The company has two units: Government (with various U. S. government agencies as the only clients)", "question_title": " Greenfield Consultants conducts analyses of public policy issues. The company has", "question_title_for_js_snippet": "Greenfield Consultants conducts analyses of public policy issues The company has two units Government (with various U S government agencies as the only clients) and Corporate (with several corporations as clients) Government business is charged based on the total costs (direct and indirect) plus a 15 percent fee (profit) Corporate clients are charged a fixed fee negotiated at the beginning of the project During the planning process for the following year, the controller has estimated costs for the two units Direct costs Direct contract hours worked Corporate Government Total $ 500,000 $2,000,000 $2,500,000 1,000 2,000 3,000 The controller expects indirect costs to total $4 5 million next year Revenues from Corporate clients are expected to be $1 2 million Required a Suppose Greenfield chooses to allocate indirect cost based on direct cost 1 What cost would be allocated to the two units (Corporate and Government) 2 What total revenue would they expect to collect next year b Suppose Greenfield chooses to allocate indirect cost based on direct contract hours worked 1 What cost would be allocated to the two units (Corporate and Government) 2 What total revenue would they expect to collect next year Complete this question by entering your answers in the tabs below Required A Required B 1 What cost would be allocated to the two units (Corporate and Government) 2 What total revenue would they expect to collect next year (Enter your answers in dollars and not in millions (i e , 2 34 million should be entered as 2,340,000),)) Corporate Government Total", "question_description": "\"image\"image\"image", "transcribed_text": "Greenfield Consultants conducts analyses of public policy issues. The company has two units: Government (with various U. S. government agencies as the only clients) and Corporate (with several corporations as clients). Government business is charged based on the total costs (direct and indirect) plus a 15 percent fee (profit). Corporate clients are charged a fixed fee negotiated at the beginning of the project. During the planning process for the following year, the controller has estimated costs for the two units. Direct costs Direct contract hours worked Corporate Government Total $ 500,000 $2,000,000 $2,500,000 1,000 2,000 3,000 The controller expects indirect costs to total $4.5 million next year. Revenues from Corporate clients are expected to be $1.2 million. Required: a. Suppose Greenfield chooses to allocate indirect cost based on direct cost. 1. What cost would be allocated to the two units (Corporate and Government)? 2. What total revenue would they expect to collect next year? b. Suppose Greenfield chooses to allocate indirect cost based on direct contract hours worked. 1. What cost would be allocated to the two units (Corporate and Government)? 2. What total revenue would they expect to collect next year? Complete this question by entering your answers in the tabs below. Required A Required B 1. What cost would be allocated to the two units (Corporate and Government)? 2. What total revenue would they expect to collect next year? (Enter your answers in dollars and not in millions (i.e., 2.34 million should be entered as 2,340,000),)) Corporate Government Total", "related_book": { "title": "Fundamental Accounting Principles", "isbn": "71051503, 978-1259066511, 1259066517, 978-0071051507", "edition": "Volume I, 14th Canadian Edition", "authors": "Larson Kermit, Tilly Jensen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/734.jpg", "uri": "\/textbooks\/fundamental-accounting-principles-volume-i-14th-canadian-edition-734", "see_more_uri": "\/textbooks\/business-organizational-development-3335" }, "free_related_book": { "isbn": "1492572357", "uri": "\/textbooks\/foundations-of-sport-and-exercise-psychology-7th-edition-9781492572350-107191", "name": "Foundations Of Sport And Exercise Psychology", "edition": "7th Edition" }, "question_posted": "2024-05-26 11:00:10", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/a-factory-with-three-departments-uses-a-single-production-overhead-305225", "description": "A factory with three departments uses a single production overhead absorption rate expressed as a percentage of direct wages cost. 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