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Exercises 9. In Auditing Company there are 10 workers whose working time can be allocated to the commissions. Their annual salaries and social costs are as follows: Auditor Accountant Assistant Direct costs 2 * 56 000 = 112 000 5 * 43 000 = 215 000 3 * 24 000 = 72 000 399 000 The indirect costs per year are 189 000 euros and the expected profit per year 20 000 euros. Yearly working time is 1496 hours/worker. a) How much is the overhead rate 1 ? b) How much is the overheat rate 2 ? c) How much should the price (with VAT) of a commission be, if it takes time as follows: Auditor Accountant Assistant 2 hours 8 hours 3 hours

Exercises 9. In Auditing Company there are 10 workers whose working time can be allocated to the commissions. Their annual salaries and social costs are as follows: Auditor Accountant Assistant Direct costs 2 * 56 000 = 112 000 5 * 43 000 = 215 000 3 * 24 000 = 72 000 399 000 The indirect costs per year are 189 000 euros and the expected profit per year 20 000 euros. Yearly working time is 1496 hours/worker. a) How much is the overhead rate 1 ? b) How much is the overheat rate 2 ? c) How much should the price (with VAT) of a commission be, if it takes time as follows: Auditor Accountant Assistant 2 hours 8 hours 3 hours

FINANCIAL ACCOUNTING
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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Exercises 9. In Auditing Company there are 10 workers whose working time can be allocated to the commissions. Their annual salaries and social costs are as follows: Auditor Accountant Assistant Direct costs 2 * 56 000 = 112 000 5 * 43 000 = 215 000 3 * 24 000 = 72 000 399 000 The indirect costs per year are 189 000 euros and the expected profit per year 20 000 euros. Yearly working time is 1496 hours/worker. a) How much is the overhead rate 1 ? b) How much is the overheat rate 2 ? c) How much should the price (with VAT) of a commission be, if it takes time as follows: Auditor Accountant Assistant 2 hours 8 hours 3 hours
Transcribed Image Text:Exercises 9. In Auditing Company there are 10 workers whose working time can be allocated to the commissions. Their annual salaries and social costs are as follows: Auditor Accountant Assistant Direct costs 2 * 56 000 = 112 000 5 * 43 000 = 215 000 3 * 24 000 = 72 000 399 000 The indirect costs per year are 189 000 euros and the expected profit per year 20 000 euros. Yearly working time is 1496 hours/worker. a) How much is the overhead rate 1 ? b) How much is the overheat rate 2 ? c) How much should the price (with VAT) of a commission be, if it takes time as follows: Auditor Accountant Assistant 2 hours 8 hours 3 hours
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