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The Waterston Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct WG has just prepared the May 2017 bills for
The Waterston Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct WG has just prepared the May 2017 bills for two clients. The hours of professional time spent on each professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed). client are as follows: The three professionals in WG and their rates per professional hour are as follows: (Click the icon to view the hours by client.) (Click the icon to view the hourly rates.) Read the requirements. Requirement 1. What amounts did WG bill to Seattle Dominion and Bejing Enterprises for May 2017? Determine the formula needed to calculate the total cost per professional for each client when WG allocates support costs at 30% of direct professional costs. Direct professional labor + ( Support allocation rate Direct professional labor ) = Cost per professional Complete the table below to determine the amounts that WG billed to Seattle Dominion and Bejing Enterprises for May 2017. Begin with Seattle Dominion. Seattle Dominion Direct Amount Professional Support Billed to Costs Costs Client Mick Waterston Avery Brown Jorge Alcott Total Professional Billing Rate per Hour $ 450 Mick Waterston Avery Brown Jorge Alcott 150 110 Hours per Client Professional Seattle Dominion Bejing Enterprises Waterston 15 2 Brown 3 8 22 30 Alcott 40 40 Total
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