A local accounting firm employs 27 time professionalsThe budgeted annual compensation per employee is $42,500 The average chargeable time is 500 hours per client annually All professional labor costs are included in a single directcost category and are allocated to jobs on a per-hour basis are in a single poolallocated according to professional laborhours Budgeted indirect for the year are $784.000and the firm expect have 70 clients during the coming year are and the workforce stays at 27 employees, then the direct labor cost rate per hour (Do not round intermediary calculations and round the final answer to the cent) A. 19.60 per hour 32.7 B. 32.79 per hour C. 22.40 per hour D. 38.25 per hour
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
A local accounting firm employs 27 time professionalsThe budgeted annual compensation per employee is $42,500 The average chargeable time is 500 hours per client annually All professional labor costs are included in a single directcost category and are allocated to jobs on a per-hour basis are in a single poolallocated according to professional laborhours Budgeted indirect for the year are $784.000and the firm expect have 70 clients during the coming year are and the workforce stays at 27 employees, then the direct labor cost rate per hour (Do not round intermediary calculations and round the final answer to the cent) A. 19.60 per hour 32.7
B. 32.79 per hour C. 22.40 per hour D. 38.25 per hour
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