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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) support
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 EEB (Click the icon to view the hourly rates.) WG has just prepared the May 2013 bills for two clients. The hours of professional time spent on each client are as follows: EEB (Click the icon to view the hours by client.) Read the requirements Requirement 1. What amounts did WG bill to San Antonio Dominion and London Enterprises for May 2013? 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 (Abbreviation used: hrs.Hours.) Cost per professional Professional Billing Rate per Hour Mick Walliston Ainsley Benson Jerome Abott 520 150 110 Hours per Client Professional Walliston Benson Abott Total Seattle Dominion Madrid Enterprises 23 12 45 60 32 60
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