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The words are a bit small. Direct Labor rate is $50 per hour Predetermined allocation rate for indirect costs: $22 per direct labor hour Pluto

image text in transcribedThe words are a bit small.

Direct Labor rate is $50 per hour

Predetermined allocation rate for indirect costs: $22 per direct labor hour

Pluto is negotiating a job with a new client. The job will require 11 hours of direct labor. If Pluto wishes to have at least a 15% gross profit on the revenues, it needs to record $716 of revenues.

Pluto Travel Services provided the following information: Direct labor rate: 550 per hour Prodotcrmincd allocation rate for indirect costs $22 per direct labor hour Pluto is regulialing job wilt a new client. The job will require 11 hours of direct labon. If Plulo wishes lutave alleas u 15% gross prolil on the revenues, il needs lo recurd $718 ul revenues O O True False

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