Optimum Finance Incorporated provides budget, savings, and investment services to clients who want a stress-free financial lifestyle. The company customizes a program for each client based on their individual goals that includes budget recommendations, investment counseling, and savings techniques. The company uses a job order cost system that keeps track of the cost of the amount of time financial consultants spend with each client. • Optimum applies all indirect operating costs (e.g. rent, utilities, and management salaries) as a percentage of the consultant's labor cost. During the most recent year, the firm estimated that it would pay $600,000 to its consultants and incur indirect operating costs of $1,170,000. Actual consultant labor costs were $645,000 and actual indirect operating costs were $1,145,000 During the year, Optimum provided 44 hours of consulting services to Joan Clair for which Optimum pays an average of $26 per hour. What is the total cost of providing services to Joan? Multiple Choice O O $3.327 $3,175 $3.375 $1731

Optimum Finance Incorporated provides budget, savings, and investment services to clients who want a stress-free financial lifestyle. The company customizes a program for each client based on their individual goals that includes budget recommendations, investment counseling, and savings techniques. The company uses a job order cost system that keeps track of the cost of the amount of time financial consultants spend with each client. • Optimum applies all indirect operating costs (e.g. rent, utilities, and management salaries) as a percentage of the consultant's labor cost. During the most recent year, the firm estimated that it would pay $600,000 to its consultants and incur indirect operating costs of $1,170,000. Actual consultant labor costs were $645,000 and actual indirect operating costs were $1,145,000 During the year, Optimum provided 44 hours of consulting services to Joan Clair for which Optimum pays an average of $26 per hour. What is the total cost of providing services to Joan? Multiple Choice O O $3.327 $3,175 $3.375 $1731

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

F, G, H
Section 1250 summary
State 5 advantages of Uniform costing?
two questions
E12.17
You put 491-28 why is it 28 and not - 175?? Can you explain that please?
Question 14 Prior (Past) service cost is expensed immediately using which of the following? a. U.S. GAAP. b. IFRS. c. Both U.S. GAAP and IFRS. d. Neither U.S. GAAP nor IFRS.
Which of the following is not a special-purpose journal? A. SJ В. GJ C. CRJ D. CDJ
viii. ROA and Residual Income is related to which type of measure with respect to the 4 responsibility center and why?
LO 7.4 Name the four main special journals.
E11.4
Need help