User Account

All Pages

What are the actual? direct-cost rate and actual? indirect

Assignment Help Cost Accounting
Reference no: EM132768453

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

Problem 1: 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: EM132768453

Questions Cloud

Describe the environmental contingencies : Define operationally the behaviors you chose. Describe the environmental contingencies surrounding each behavior (antecedents and consequences).
How you might discuss the topic with a social worker : For this Discussion, review the Levy case study in this week's video. Consider how you, as a social worker, might address the challenge of remaining engaged.
What payoff per unit is : The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.84, your payoff per unit is
What is carl payoff : Call option with an exercise price of $1.58 and a premium of $0.03. If the spot rate at the option's maturity turns out to be $1.5, what is Carl's payoff
What are the actual? direct-cost rate and actual? indirect : Smith and Jones CPA firm employs 12, What are the actual? direct-cost rate and the actual? indirect-cost rate,? respectively, per professional? labor-hour?
What were your opinion of concepts your classmates discussed : As mentioned in this week's introduction, you will experience the scholar-practitioner model in action. Capella uses this model as the foundation.
Should the bakery make the purchase : Each costing $2.15 to make and priced at $4.25. Assume that the discount rate is 14 percent and the tax rate is 30 percent. Should the bakery make the purchase?
What is the net present value of growth opportunities : $65 per share with earnings per share of $4.32. What is the net present value of its growth opportunities if the required rate of return is 8 percent?
What is the dividend growth rate for company : Grow at a constant rate forever. The stock is currently selling for $42. If the required rate of return is 10 percent, what is the dividend growth rate?

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is jasters market-book ratio

It has 800 million shares of common stock outstanding, and its stock price is $32 per share. What is Jaster's market/book ratio?

  Break-even point in units for the company

What is the break-even point in units for the company and what is the dollar sales volume the firm must achieve to reach the break-even point?

  What are maturities on intels long-term debt

What are the maturities on Intels Long-term debt - what are Intel's projected obligations on Long-Term Debt and Payments due by period?

  Discuss what would be the present worth of their cost over

what would be the present worth of their cost over a 10-year period at an interest rate of 8% per year

  Compute the revenue effect of the price-recovery

Compute the revenue effect of the price-recovery component and indicate favorable or unfavorable. Ratliff Appliances Company makes a household

  How many units of product cake would need to be sold

Chester has negotiated a new labor contract, how many units of product Cake would need to be sold next round to break even on the product?

  What calculation methods can the company apply to allocate

What calculation methods can the company apply to allocate the costs to a calculation object. Also discuss the pros and cons between the options

  Discuss why cash budgeting is particularly important

Discuss why cash budgeting is particularly important for a rapidly expanding company such as A&A Corporation.

  What is the gross profit on the sale of all xen products

What is the total gross profit/(loss) on the sale of all the joint products? What is the gross profit/(loss) on the sale of all Xen products?

  Calculate the correct number of equivalent units

Which of the sets of percentages would be used to calculate the correct number of equivalent units in the ending work-in-process inventory?

  T-comm makes a variety of products

T-Comm makes a variety of products. It is organized in two divisions, North and South.

  Explain compensate the firm directly

Explain compensate the firm directly, but your colleagues in management would prefer to adjust the forthcoming reports and make up the differences that way.

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