You have just made it to Manager at a mid-sized accounting firm. You have always wanted to introduce ABC as a method for tracing internal costs. You have done research on the standards used in firms of this size. Position Billing Rate/Hr Currently there are : - Senior Partner $250.00 - Junior Partner 150.00 Total Billing rates $400.00 All partners have billing rates consistent with professional practice standards and clients are billed on the basis of partners billing rates, plus 20% of partners billing rates as an overhead charge to cover all indirect costs. Two clients were billed for work performed during the month just ended as follows: Senior Partner Junior Partner Totals Delta Corp. 10 Hours 15 Hours 25Hours Zeno Ltd 15 Hours 10 Hours 25Hours Total CPA Hrs 25 Hours 25 Hours 50Hours

Required: Please provide the details of the invoice that would be prepared on the above basis for billing the individual clients. Invoice: Time Charges Overhead Total Charges Senior Partner Junior Partner Client : Delta Corp Zeno Ltd