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Author Question: A local engineering firm is bidding on a design project for a new client. The total budgeted ... (Read 196 times)

jake

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A local engineering firm is bidding on a design project for a new client.  The total budgeted direct-labor costs for the firm are $400,000.  The total budgeted indirect costs are $600,000.  It is estimated that there are 8,000 billable hours in total.

Required:
a.What is the budgeted direct-labor cost rate?
b.What is the budgeted indirect-cost rate assuming direct-labor cost is the allocation base?
c. What should be the engineering firm bid on the project if the direct labor hours are estimated at 


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Marked as best answer by jake on Mar 6, 2021

Jbrasil

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jake

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


chereeb

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Reply 3 on: Yesterday
Wow, this really help

 

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