Question
Heliotropic Inc. provides accounting services to firms. The company total charges to customers includes two rates: (a) direct labor hour and (b) support services which
Heliotropic Inc. provides accounting services to firms. The company total charges to customers includes two rates: (a) direct labor hour and (b) support services which is billed at $80 per direct labor hour. Three levels of employees are normally assigned to each job;
(a) Partner at a rate of $600 per hour
(b) Senior at a rate of $280 per hour and
(c) Junior at a rate of $150 per hour
Heliotropic Inc. is about to prepare its monthly billing to two customers and share the before information with you as regards hours utilized:
March Inc. - Partner (10), Senior (20) and Junior (80)
May Inc. - Partner (8), Senior (15) and Junior (60)
What was the total revenue for the period?
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