What are the actual direct-cost rate

Assignment Help Cost Accounting
Reference no: EM132758402

Question - Smith and Jones CPA firm employs 12 accountants and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2018:

Budget Actual

Indirect costs $290,000 $310,000

Annual salary of each attorney $90,000 $105,000

Annual salary of each paraprofessional $32,000 $33,000

Total professional labor-hours 20,000 dlh 25,000 dlh

What are the actual direct-cost rate and the actual indirect-cost rate, respectively, per professional labor-hour?

A. $63.60; $12.40

B. $79.50; $12.40

C. $70.00; $14.50

D. $63.60; $11.60

Reference no: EM132758402

Questions Cloud

Determine the bond issue price on August : Western Company sold $ 1,500,000 of five-year, 12% bonds on August 1, 2017. Determine the bond issue price on August 1, 2017
Committee on foreign investment in the united states : What types of M & As does CFIUS (the Committee on Foreign Investment in the United States) examine and block?
Personal power-communication and effective persuasion : Describe what you believe to be the top three communication issues presented in the scenario. Explain your choices.
How much money should you receive for selling all of rights : Atlas Corp. wants to raise $2.6 million via a rights offering. The company currently has 450,000 shares of common stock outstanding that sell for $26 per share.
What are the actual direct-cost rate : Smith and Jones CPA firm employs 12 accountants and 10 paraprofessionals. What are the actual direct-cost rate and the actual indirect-cost rate
Compute what are views to issue a corporate bond : If you are a CFO in Canada for a mid-sized company, What are views to issue a corporate bond, ie., would you think to consider issuing bond?
Leadership strategies presentation : Explain how you will approach Foreign Direct Investment and Financial Risk Assessment.
Define operating synergies : Define operating synergies. What are the two types of operating synergies?
How much money must raymond invest to achieve goals : Raymond is 55 years old has saved nothing for retirement. He just inherited Rm300,000 from his grandfather and wants to invest in a retirement plan.

Reviews

Write a Review

Cost Accounting Questions & Answers

  What value should rondeli report for the tv on balance sheet

Under the Lower of cost or market basis of accounting for inventories, what value should rondeli report for the TV on the balance sheet.

  Calculate predetermined overhead rate and product margins

Calculate the predetermined overhead rate and using this traditional approach, compute the product margins for X100 and X200.

  Ip ltd reports the subsequent intangible assetspatents at

ip ltd reports the subsequent intangible assetspatents at directors valuation 160 millionless accumulated amortisation

  What is the selling price needed to earn a percent

What is the selling price (rounded to nearest peso) needed to earn a 12 percent internal rate of return? Suppose the 20,000 estimated volume is sound

  Beginning raw materials 43raw materials purchases 29raw

beginning raw materials 43raw materials purchases 29raw materials stolen 17. assume that the cost of raw materials

  What are the equivalent units of production or conversion

Transferred 9, 000 units, What are the equivalent units of production (conversion) for the month of May, 2011 under average method?

  Define value-added costs

From the above schedule, calculate the following.

  What is the effect of dixons proposed change on income

Who are the stakeholders in this situation and what is the effect of Dixon"s proposed change on income before taxes in the year of change?

  Calculate sivuyiles weighted average cost of capital

Calculate the NPV for each machine and decide which machine Thabile should invest in. Thabile's cost of capital is 12%.

  Participates in the management of the property

Debbie's social security number is 035-11-4856, and address of the home is is 435Beachway Lane, Wrightsville Beach, NC 28480.

  What is the new CashCTvalue

You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced, What is the new CashCTvalue?

  What would be the residual income resulting from the upgrade

If the company has a minimum required return on investment of 10.0%, what would be the residual income resulting from the upgrade?

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!

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