Integrity Accounting Firm provides various financial services to organizations. Integrity has decided to price its jobs at the total variable costs of the job plus 14.9 percent. The job for a medium-sized dance club client included the following costs: Direct materials $ 5,000 Direct labor (partners and staff accountants) 90,000 Depreciation (using straight-line method) on Integrity's office building 50,000 Required: Calculate the price charged by Integrity Accounting Firm to the dance club. If required, round to the nearest dollar.

Integrity Accounting Firm provides various financial services to organizations. Integrity has decided to price its jobs at the total variable costs of the job plus 14.9 percent. The job for a medium-sized dance club client included the following costs: Direct materials $ 5,000 Direct labor (partners and staff accountants) 90,000 Depreciation (using straight-line method) on Integrity's office building 50,000 Required: Calculate the price charged by Integrity Accounting Firm to the dance club. If required, round to the nearest dollar.

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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