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The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 430,000 Indirect labor 1,795,000 DepreciationBuilding 319,000 DepreciationFurniture 51,000 Utilities
The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 430,000 Indirect labor 1,795,000 DepreciationBuilding 319,000 DepreciationFurniture 51,000 Utilities 350,000 Insurance 47,000 Property taxes 61,000 Other expenses 161,000 Total $ 3,214,000 The firm estimates total direct labor cost for the year to be $2,008,750. The firm uses direct labor cost as the cost driver to apply overhead to clients. During January, the firm worked for many clients; data for two of them follow: Gargus account Direct labor $ 3,800 Feller account Direct labor $ 9,800 Required: 1. Compute the firm's predetermined overhead rate. 2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. 3. Compute total job cost for the Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the firm's predetermined overhead rate. Predetermined overhead rate i% Required2 > The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 430,000 Indirect labor 1,795,000 DepreciationBuilding 319,000 DepreciationFurniture 51,000 Utilities 350,000 Insurance 47,000 Property taxes 61,000 Other expenses 161,000 Total $ 3,214,000 The firm estimates total direct labor cost for the year to be $2,008,750. The firm uses direct labor cost as the cost driver to apply overhead to clients. During January, the firm worked for many clients; data for two of them follow: Gargus account Direct labor $ 3,800 Feller account Direct labor $ 9,800 Required: 1. Compute the firm's predetermined overhead rate. 2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. 3. Compute total job cost for the Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. Gargus account Feller account The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials $ 430,000 Indirect labor 1,795,000 Depreciation-Building 319,000 DepreciationFurniture 51,000 Utilities 350,000 Insurance 47,000 Property taxes 61,000 Other expenses 161,000 Total $ 3,214,000 The firm estimates total direct labor cost for the year to be $2,008,750. The firm uses direct labor cost as the cost driver to apply overhead to clients. During January, the firm worked for many clients; data for two of them follow: Gargus account Direct labor $ 3,800 Feller account Direct labor $ 9,800 Required: 1. Compute the firm's predetermined overhead rate. 2. Compute the amount of overhead to be charged to the Gargus and Feller accounts using the predetermined overhead rate calculated in requirement 1. 3. Compute total job cost for the Gargus account and the Feller account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total job cost for the Gargus account and the Feller account. Tabeon [ [
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