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Author Question: A local CPA employs ten full-time professionals. The budgeted compensation per employee is $50,000. ... (Read 60 times)

jCorn1234

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A local CPA employs ten full-time professionals. The budgeted compensation per employee is $50,000. The maximum billable hours for each client are 400. Clients always receive their full amount of time. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. Any other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are $200,000 and the firm had 20 clients.

Required:
a.What is the direct-labor-cost rate per hour?
b.What is the indirect-cost rate per hour? 


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Marked as best answer by jCorn1234 on Mar 6, 2021

Danny Ewald

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jCorn1234

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


parshano

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

 

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