FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The consulting firm Pharoah Financial employs 49 full-time staff. The estimated compensation per employee is $106,140 for 1.830
hours. It charges all direct labour costs to clients. It includes any other costs in a single indirect cost pool and allocates the based on
labour hours. Actual indirect costs were $853.000 Estimated indirect costs for the coming year are $1,430,000. The firm expects to
have 77 clients in the coming year.
Determine the overhead rate per direct labour hour. (Round orwer to 2 decimal places, eg 2.25)
Overhead rate per direct labour hour
eTextbook and Media
Determine the direct labour rate per hour. (Round anwer to 2 decimal places, es 2.25)
Direct labour rate per hour S
S
eTextbook and Media
Calculate the total cost of a job that will take 270 direct labour hours, using a normal cost system (Round onwer to 2 decimal places
2.124.25)
Total cost of the job S
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Transcribed Image Text:The consulting firm Pharoah Financial employs 49 full-time staff. The estimated compensation per employee is $106,140 for 1.830 hours. It charges all direct labour costs to clients. It includes any other costs in a single indirect cost pool and allocates the based on labour hours. Actual indirect costs were $853.000 Estimated indirect costs for the coming year are $1,430,000. The firm expects to have 77 clients in the coming year. Determine the overhead rate per direct labour hour. (Round orwer to 2 decimal places, eg 2.25) Overhead rate per direct labour hour eTextbook and Media Determine the direct labour rate per hour. (Round anwer to 2 decimal places, es 2.25) Direct labour rate per hour S S eTextbook and Media Calculate the total cost of a job that will take 270 direct labour hours, using a normal cost system (Round onwer to 2 decimal places 2.124.25) Total cost of the job S
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