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The Watson Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct professional time (at an hourly rate) and (b)
The Watson Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows: (Click the icon to view the hourly rates.) WG has just prepared the May 2020 bills for two clients. The hours of professional time spent on each client are as follows: (Click the icon to view the hours by client.) Read the requirements Requirement 1. What amounts did WG bill to Southern Sun Dominion and Madrid Enterprises for May 2020? 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) dost per professional Complete the table below to determine the amounts that WG billed to Southern Sun Dominion and Madrid Enterprises for May 2020. Begin with Southern Sun Dominion Southern Sun Dominion Direct Amount Professional Support Billed to Costs Costs Client Marvin Watson Alberta Beckhem Jason Andover Total Clear all Check answer
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