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Author Question: An accounting firm completes an audit for a local union and has the following cost information for ... (Read 119 times)

genevieve1028

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on: Mar 6, 2021
An accounting firm completes an audit for a local union and has the following cost information for the  year. 

Indirect labor $60,000
Office lease  $22,000
Depreciation on office equipment $8,000
Marketing expense $20,000
Utilities $15,000

The firm's direct labor costs are budgeted at $500,000 for the year and overhead is allocated based on direct labor costs.  The firm used 1 partner and 2 audit associates on the audit.  Partners are paid $150 per hour while audit associates earn $50 per hour.  The partner spent 6 hours on the engagement while the audit associates spent a total of 40 hours.  

Required: 
What is the cost of the audit?
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by genevieve1028 on Mar 6, 2021

micaelaswann

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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genevieve1028

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Reply 2 on: Mar 6, 2021
Excellent

Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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