User Account

All Pages

Compute estimated cost of work using average professional

Assignment Help Financial Accounting
Reference no: EM13128318

LaPlatt & Associates is an accounting firm that provides audit, tax, and accounting services to medium-size retail companies. it employs 50 professionals (10 partners and 40 associates) who work directly with clients. the average expected total compensation per professional for the year is $120,000. The services of LaPlatt are in high demand, and each professional work for clients to their maximum of 1,600 billable hours. All professional salaries are traced to individual clients summaries. All cost other than Professional salaries are included in a single indirect cost pool (professional support). The indirect costs are assigned to service summaries using professional hours as the allocation base. The expected amount of indirect cost for the year is $5,200,000.

Required

a. compute the budgeted indirect cost rate per hour of professional service.

b. LaPlatt & Associates is bidding on tax and audit service for a potential client that are expected to require 100 hours of professional service time. Calculate the estimated cost of the work using average professional wage rates and basing indirect cost on estimated srevice time.

Reference no: EM13128318

Questions Cloud

How many stereoisomers are possible : How many stereoisomers are possible for each of the following substances? Draw them, and name each by the R-S and E-Z conventions.
Difference between absolute-relative and extreme poverty : How do Marx and Weber explanation of inequality contribute to our understanding of POVERTY? Describe the various issues surrounding the definition of poverty in the U.S.A. as compared to the global definition of poverty. In your explanation, defin..
How many grams of sugar are in solution : how many grams of sugar are in 15.0% concentrated solution with a total mass 125 g?
Quotient-composite rules : Find any stationary points of the function from 1a. An use the first derivative test to see whether they are local maximum or local minimum of f(x).
Compute estimated cost of work using average professional : LaPlatt & Associates is bidding on tax and audit service for a potential client that are expected to require 100 hours of professional service time. Compute the estimated cost of the work using average professional wage rates and basing indirect c..
Is the intervention plan helpful in increasing grades : The same students increased their scores on a retest to: 85,79,75,95, and 84. At the 0.05 significance level, is the intervention plan helpful in increasing grades?
Determine the moles of acid neutralized : Al(OH)3 + 3HCl ---> AlCl3 + 3H2O Determine the moles of acid neutralized if a tablet contains 0.200 mol Al(OH)3
Define what complementary functional group would need : What complementary functional group would need to be present in the neuraminidase active site for (a) hydrogen bonding and (b) ionic interactions to oseltamivir to be observed?
Fixed overhead volume variances : The fixed overhead volume variances is due to:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd