The consultancy firm ABG was commissioned to prepare an economic study for the company HΨZ in December 20X0. During the last week of December, three (3) employees were engaged in the implementation of the study, but the study was not completed. Their hours of employment and expenses are given below: Employee Hours expenses Augustus 36 360 Kingdom of Vasileiou 29 185 George 22 0 All expenses relate to travel on behalf of HPSZ. The annual salaries of Avgeriou, Vassiliou & Georgiou amount to €. 23.500, €. 38.200 and €. 47.300 respectively. As regards production overheads, these are estimated at 60% of the direct labour costs. Calculate the cost of ABG's inventory on 31/12/20X0 assuming that the hourly cost of each employee is based on his annual salary and an annual employment of 2,000 hours, representing the average annual employment of the year.
The consultancy firm ABG was commissioned to prepare an economic study for the company HΨZ in December 20X0. During the last week of December, three (3) employees were engaged in the implementation of the study, but the study was not completed. Their hours of employment and expenses are given below:
Employee Hours expenses
Augustus 36 360
Kingdom of Vasileiou 29 185
George 22 0
All expenses relate to travel on behalf of HPSZ. The annual salaries of Avgeriou, Vassiliou & Georgiou amount to €. 23.500, €. 38.200 and €. 47.300 respectively.
As regards production
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