Melissa Menter, CPA, pays her new staff accountant, Maureen, a salary equivalent to $$24$ per hour while Melissa receives a salary equivalent to $$38$ per hour. The firm's predetermined indirect cost allocation rate for the year is $$14$ per hour. Menter bills for the firm's services at $32\%$ over cost. Assume Melissa works $5$ hours and Maureen works $17$ hours preparing a fax return for Melody Smith.

What is the total cost of preparing Smith's tax return?

How much will Melissa bill Smith for the tax work?

What is the total cost of preparing Smith's tax return?

Enter the direct and indirect costs for preparing Smith's tax return.

Direct Cost: Melissa's time

Direct Cost: Maureen's time

Total Direct Cost:

Indirect Cost:

Total cost of preparing tax return

$2.$ How much will Melissa bill Smith for the tax work?

Enter the profit markup and the amount to bill Smith. $($Round your answer for profit markup to the nearest whole dollar.$)$

Total cost of preparing tax return

Plus profit markup:

Amount to bill Smith