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Question - Mira Financial Advisors provides accounting and finance assistance to customers in the retail business. Mira has four professionals on staff, plus an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $753,000 per year, and it normally has about 8300 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $570,000.
Mira allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Mira's professionals spent 36 hours on their client, Riley Sales. Mira adds a 25% markup on its costs to calculate the amount billed to the customer. How much should the company charge Riley Sales for the month of July?
To be more specific is, do we calculate each raw material seperately or sum them "all in one" in the DIRECT MATERIAL BUDGET ?
If the unit sales price is $20, unit variable cost is $12, and total fixed costs are $800,000, how many units must be sold to earn net income of $400,000
What is the effective interest cost for the first year if the annual LIBOR is 4.00?% during the first six months and 4.30?% during the second six months.
Prepare the journal entry to transfer the cost of job #JK150 out of the work-in-process account at the end of November, What was the under-or over recovered overhead for the year?
Analyze the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows using a spreadsheet program such as Excel and complete this aspect of the Assignment by using a word processing program such as Word.
A comprehensive accounting exercise designed to integrate your knowledge of accounting systems and the accounting cycle. Prepare an income statement for the month of October 2012 and Prepare a balance sheet as at 31 October 2012
The standard direct labor time is 0.6 hours per glass, Calculate the direct labor cost variance and the direct labor efficiency variance.
Demonstrate What is the direct materials quantity variance? Yama Industiers has collected the data for its Thunderbolt line of products
breach of contract alternative uses of a product made to customer specificationgrumbles industries ltd is a large
Sager Company manufactures variations of its product, a technopress, in response to custom orders from its customers.
Describe their strategic plan and they how did they perform in the past 3 years? Please refer to the Chairman's and CEO's Reports. Give your opinion
Campbell Soup Company provides access to its annual reports online at www.campbellsoup.com.
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