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Please answer the 3 requirements start by filling in the blanks below please label its part clearly and accordingly The Wolfson Group (WG) provides tax
Please answer the 3 requirements start by filling in the blanks below please label its part clearly and accordingly
The Wolfson Group (WG) provides tax advice to multinational firms WG charges cients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed) The three professionals in WG and their rates per professional hour are as follows E(Click the icon to view the hourly rates.) Qustion Help O WG has just prepared the May 2017 bils for wo dents The hors d g dlent are as folows t h tt(Cick the lcon to view the hours by denty Read the reauitements Requirement 1. What amounts did WG bill to Springfield Dominion and London Enterprises for May 2017? Determine the formula needed to calculate the total cost per professional for each client when WG allocates support costs at 30% of direct professional costs Direct professional labor Direct professional labor + ( Support alocation rate Cost per professional Complete the table below to determine the amounts that WG billed to Springfield Dominion and London Enterprises for May 2017. Begin with Springheid Doninion Springfleld Dominion Direct Amount Data Table Billed to Professional Support Client Costs Costs Billing Rate per Hour Professional Montel Wolfson 480 Montel Wolfson 200 Alice Batemen Alice Batemen 110 John Anderson John Anderson Done Total Print Check @ & Read the requirements. Cetesesi Moy 00470 alalen Data Table Hours per Client London Enterprises Springfield Dominion Professional 23 Wolfson 12 5 Batemen 45 32 Anderson 60 60 Total Done Print k Answer AL Enterprises for May 2017? Requirements 1. What amounts did WG bill to Springfield Dominion and London Enterprises for May 2017? 2. Suppose support services were billed at $65 per professional labor-hour (instead of 30% of professional labor costs). How would this change affect the amounts WG billed to the two clients for May 2017? Comment on the differences between the amounts billed in requirements 1 and 2. 3. How would you determine whether professional labor costs or professional labor-hours is the more appropriate allocation base for WG's support services? mir Done Print Step by Step Solution
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