Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pharoah Tax Services Ltd. prepares tax returns for corporations and individuals.Having identified its activity cost pools and the cost drivers for each pool, Pharoah accumulated
Pharoah Tax Services Ltd. prepares tax returns for corporations and individuals.Having identified its activity cost pools and the cost drivers for each pool, Pharoah accumulated the following data relative to those activity cost pools and cost drivers. Cost Driver Estimated Overhead Estimated Use of Cost Driver Corporate Individual Activity Cost Pool Secretarial support Printing and photocopying Direct hours $188,860 14,200 11,200 3,000 Number of pages 24,600 24,600 20.900 3,700 Computer support CPU minutes 110,000 20,000 11,400 8,600 Recruiting and training Professional direct hours 128,960 24,800 13,000 11,800 Calculate the overhead rates. (Round answers to 2 decimal places, e.g. 15.25.) Secretarial support $ per hour Printing and photocopying $ per page Computer support $ per minute Recruiting and training $ per hour Assign the overhead costs to corporate and individual tax preparation divisions. (Round answers to 0 decimal places, e.g. 125.) Corporate $ Individual $ $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started