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Author Question: Elite Stationary Inc. employs 20 full-time employees and 10 trainees. Direct and indirect costs are ... (Read 139 times)

khang

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Elite Stationary Inc. employs 20 full-time employees and 10 trainees. Direct and indirect costs are applied on a professional labor-hour basis that includes both employee and trainee hours. Following is information for 2018:

BudgetActual
Indirect costs$300,000$400,000
Annual salary of each employee$200,000 $210,000
Annual salary of each trainee$35,000$40,000
Total professional labor-hours20,000dlh40,000dlh

What are the budgeted direct-cost rate and the budgeted indirect-cost rate, respectively, per professional labor-hour? (Round the final answers to the nearest cent.)
◦ $200.00; $16.75
◦ $217.50; $15.00
◦ $115.00; $10.00
◦ $135.00; $10.00


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Marked as best answer by khang on Mar 6, 2021

parker125

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khang

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Reply 2 on: Mar 6, 2021
Wow, this really help


kilada

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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