A small management consultancy has prepared the following information: Overhead absorption rate per consulting hour Salary cost per consulting hour (senior) Salary cost per consulting hour (junior) £12.50 £20.00 £15.00 The firm adds 40% to total cost to arrive at a selling price. Assignment number 652 took 86 hours of a senior consultant's time and 220 hours of a junior consultant's time. 2 Question 44 What price should be charged for assignment 652? (A) £5,355 (B) £7,028 (C) £8,845 (D) £12,383

A small management consultancy has prepared the following information: Overhead absorption rate per consulting hour Salary cost per consulting hour (senior) Salary cost per consulting hour (junior) £12.50 £20.00 £15.00 The firm adds 40% to total cost to arrive at a selling price. Assignment number 652 took 86 hours of a senior consultant's time and 220 hours of a junior consultant's time. 2 Question 44 What price should be charged for assignment 652? (A) £5,355 (B) £7,028 (C) £8,845 (D) £12,383

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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