The following information relates to a management consultancy organisation: $ Salary cost per hour for senior consultants 40 Salary cost per hour for junior consultants 25 Overhead absorption rate per hour applied to all hours 20 The organisation adds 40% to total cost to arrive at the final fee to be charged to a client. Assignment number 789 took 54 hours of a senior consultant's time and 110 hours of junior consultants' time. What is the final fee to be charged for Assignment 789?

Q: Allocate the service department costs using the reciprocal method. (Matrix algebra is not required…

A: Reciprocal method of cost allocation:The reciprocal method, also known as the algebraic method, is a…

Q: Moss Ltd. has the following activities: creating bills of materials (BOM), studying manufacturing…

A: In the context of the question, we are required to compute the cost assigned to the training…

Q: Baldwin Enterprises has two service departments, Personnel and Legal, and two operating divisions,…

A: Lets understand the basics.In direct cost allocation, cost are directly allocated from the service…

Q: The table below presents a cost estimate WBS submitted with a proposal to develop a surface water…

A:

Q: One of the cost pools at Rondelle Store is the Personnel department that provides recruiting and…

A: COST ALLOCATION When item of cost are Identifiable directly with some products or departments such…

Q: Baldwin Enterprises has two service departments, Personnel and Legal, and two operating divisions,…

A: In step down method as name suggest allocates service department costs using steps. In this method,…

Q: Agean Consultancy Service has been asked to quote a price for a contract that will take two weeks to…

A: Relevant cost is the cost which is relevant in decision making process such as variable cost. Sunk…

Q: Indigo Computer Concepts has three operational units and two support units. Information on the…

A: Answer:- Cost allocation is the process of allocating cost of support departments to the operating…

Q: The following information relates to labor for Sandhill Appliance Repair Shop. Repair-technicians'…

A: The sales price is a combination of the total cost and markup value and the price charged to its…

Q: Great (Pty) Ltd started off producing a single product, called 'A' Price and cost details per unit…

A: Variable costs are costs which changes with change in activity level. Fixed costs do not change with…

Q: Compton Information Services, Inc., has two service departments: human resources and billing.…

A: Cost allocation is the process of relieving the cost centers of common service organizations that…

Q: I NEED HELP WITH REQUIREMENT 2: Mariposa, Inc., produces machine tools and currently uses a…

A: Plantwide overhead allocation rates are those rates which are applicable for all the divisions and…

Q: RS Construction has two divisions: Remodeling and New Home Construction. Each division has an…

A: Fixed cost is the cost incurred for the production of goods or services (business expense) that is…

Q: product cost

A: Batch costing is essentially the cluster of costs incurred/borne when a group of products/services…

Q: You have been given the following information about the production of Lisa Co., and are asked to…

A: To further understand the differences and what they mean for Lisa Co., let's get into the following:…

Q: You organize an 8-hour training for 5 hourly, local employees. The training is led by the manager…

A: Given: - Manager salary=$48,000 Assistant manager salary=$36,000 Training hour= 8 hours Material…

Q: Scenario: You are a management accountant of EON and Brothers Ltd., a manufacturing company that…

A: Activity-Based Costing (ABC) is a costing technique that identifies and assigns costs to activities…

Q: please give the excel form answer.

A: Allocation Process:Allocate HR Costs First (as HR uses services from both IT and…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.