Question
Sisters Amanda and Philippa have started separate accounting practices in Melbourne CBD. Each firm provides taxation and business planning advice for small-to-medium enterprises.Amanda has estimated
Sisters Amanda and Philippa have started separate accounting practices in Melbourne CBD. Each firm provides taxation and business planning advice for small-to-medium enterprises.Amanda has estimated her cost equation to be: Total cost= $24 000 $55 per hour. On the other hand, Philippa has estimated her cost equation to be: Total cost= $16000-$75 per hour.
REQUIRED a What could explain such a difference in the cost equations?
b if each sister works a total of 350 planning hours, what total costs would each report?
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Keys To Reading An Annual Report
Authors: George T. Friedlob, Ralph E. Welton
4th Edition
0764139150, 978-0764139154
