Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Service Firm Job Costing (10 points total) Show your basic math Ultra Accounting Ltd bills clients based on professional hours used plus indirect cost
Service Firm Job Costing (10 points total) Show your basic math Ultra Accounting Ltd bills clients based on professional hours used plus indirect cost allocation. Ultra determines job cost using ABC method to allocate indirect costs, and applies 50% mark up for client billing. The accountants' rate is $90 per DL hour. Job # 22 uses 10 professional accounting hours, 5 administrative hours, 200 copied pages, and no travel kms. A. Determine the total indirect cost allocation for Job # 22 based on the following indirect cost allocation rates: $21 per DL hour; $6 per admin hour; $0.10 per copied page and $4 per km travel. 5 points B. What is the total job cost for Job #22? 3 points C. What amount will be billed to the client for Job # 22? 2 points
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