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What fee did the firm charge the client

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Reference no: EM132815338

Question - An audit firm determines the fees to charge its clients based on the followings: $60 per direct labour hour of junior staff. $250 per direct labour hour of senior staff. $400 per direct labour hour of partners. Overhead rate of 110% applied based on direct labour cost. The firm adds 30 per cent on total cost to arrive at a fee to be charged. The firm spent 8 direct labours of junior staff and 2 direct labour hours of partners to an audit service for client Z. What fee did the firm charge the client?

Reference no: EM132815338

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