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PR 3-47 (Algo) Job-Order Costing in a Consulting Firm (LO 3-1, 3-2, 3-4, 3-8) [The following information applles to the questions displayed below.] JLR Enterprises
PR 3-47 (Algo) Job-Order Costing in a Consulting Firm (LO 3-1, 3-2, 3-4, 3-8) [The following information applles to the questions displayed below.] JLR Enterprises provides consulting services throughout California and uses a job-order costing system to accumulate the cost of client projects. Traceable costs are charged directly to individual clients; in contrast, other costs incurred by JLR; but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. Clients are billed for directly chargeable costs, overhead, and a markup. JLR's director of cost management, Victor Anthony, anticipates the following costs for the upcoming year: The firm's partners desire to make a $608,000 profit for the firm and plan to add a percentage markup on total cost to achleve that figure. On March 10. JLR completed work on a project for Martin Manufacturing. The following costs were incurred: professional staff salaries, $46,000; administrative support staff, $3,600; travel, $6,500; photocopying, \$1,500; and other operating costs, $2,400. 6. Notice that 79 percent of the professional staff cost is directly traceable to specific client projects, Cite several reasons that would explain why this figure isn't 100 percent. Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question ma. will be automatically graded as incorrect. Check my work is not avallable. Consulting foes Compensation for attending firm-wide planning meetings Paid vacetions Manufacturing overhead Product cost Completion of general non cliont-related poperwork and reports
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