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help with all req pls Pinnacle Consulting employs two CPAs, each having a different area of specialization. Judy specializes in tax consulting and Steve specializes
help with all req pls
Pinnacle Consulting employs two CPAs, each having a different area of specialization. Judy specializes in tax consulting and Steve specializes in management consulting. Pinnacle expects to incur total overhead costs of $580,300 during the year and applies overhead based on annual salary costs. Judy is a senior partner, her annual salary is $275,000, and she is expected to bill 2,200 hours during the year. Steve is a senior associate, his annual salary is $139,500, and he is expected to bill 1,800 hours during the year. Required: a. Calculate the predetermined overhead rate. b. Assuming that the hourly biling rate should be set to cover the total cost of services plus a 20% markup, compute the hourly billing rates for Judy and Steve. Complete this question by entering your answers in the tabs below. Calculate the predetermined overhead rateStep by Step Solution
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