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The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials Indirect labor Depreciation--building Depreciation Furniture Utilities Insurance Property taxes other
The Meyers CPA firm has the following overhead budget for the year: Overhead Indirect materials Indirect labor Depreciation--building Depreciation Furniture Utilities Insurance Property taxes other expenses Total $500,000 1,900,000 333,000 65,000 385,000 54,000 68,000 175,000 $3,480,000 The firm estimates total direct labor cost for the year to be $2,175,000. 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 9.4,500 Carqun account Direct labor Tellet Boot Direct labor $10.500 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 prodotermined overhead rate calculated in requirement1 3. Compute total job cost for the Garous account and the Foliec account
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