Calculate the predetermined overhead allocation rate Kendrick Consulting is a consulting firm. The firm expects to have$52,800 in indirect costs during the year and bill customers for 7,200hours. The cost of direct labor is $72 per hour.1. Calculate the predetermined overhead allocation rate for KendrickConsulting.2.Kendrick completed a consulting job for Peter Johnson and billed thecustomer for 16 hours. What was the total cost of the consulting?3. If Kendrick wants to earn a profit equal to 75% of the cost of a job,how much should the company charge Mr. Johnson?

Explanation of Indirect Costs: These are costs that cannot be directly traced to a specific…

Answered: Kendrick Consulting is a consulting…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2TP: You are a management accountant for Time Treasures Company, whose company has recently signed an...

See similar textbooks

Similar questions

Neptune Accounting Services expects its accountants to work for 26,000 direct labor hours per year. The company's estimated total indirect costs are $227,000. The direct labor rate is $65 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Neptune performs a job requiring 40 hours of direct labor, what is the total job cost? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. $2,949 B. $227,000 C. $2,600 D. $349
Nimbus Financial Services expects its accountants to work 30,000 direct labor hours per year. The company's estimated total indirect costs are $275,000. The direct labor rate is $80 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Nimbus performs a job requiring 25 hours of direct labor, what is the total job cost? solve this
Please answer asap
Kindly help me with accounting questions
Nimbus Financial Services expects its accountants to work 30,000 direct labor hours per year. The company's estimated total indirect costs are $275,000. The direct labor rate is $80 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Nimbus performs a job requiring 25 hours of direct labor, what is the total job cost? Answer
Suppose that you operate a business that produces widgets. What's a widget? A widget is a hypothetical product with no particular attributes or features to confuse us. Just widgets. In the course of a month, you produce 5,000 widgets. You only have three inputs when producing widgets; 1) factory space; 2) labor; and 3) raw materials. You pay rent of $3,000 per month. Your use of labor and raw materials depends on how many widgets you produce. When you produce 5,000 widgets, your labor costs are $4,000 and your raw material costs are $1,500. • What is your average cost (or average total cost) of producing 5,000 widgets? (Enter your answer without a dollars sign ($) in the following form: (i.e., dollars and cents) -'--
What is the total job cost?
Can you please solve these accounting problem?
Calculate predetermined overhead for wilson consulting?
Wilson Consulting is a consulting firm. The firm expects to have $60,000 in indirect costs during the year and bill customers for 8,000 hours. The cost of direct labor is $80 per hour. Calculate the predetermined overhead allocation rate for Wilson Consulting.
What will be overhead rate per hour?
Suppose that an accounting firm with 10 employees hires another accountant. Bydoing so, it goes from serving 30 customers each week to serving 32 customerseach week. What is the marginal product of labor for the new accountant?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS