For August, Royal Consulting and Mediation Practice (RCMP) worked 750 hours for Alberta Company and 1,650 hours for Ontario Corporation. RCMP bills clients at the rate of $530 per hour; labor cost for its consulting staff is $330 per hour. The total number of hours worked in August was 2,400, and overhead costs were $53,000. Overhead is applied to clients at $31 per labor-hour. In addition, RCMP had $305,000 in marketing and administrative costs. All transactions are on account. All services were billed.
Transaction Description
(a) Record Labor cost
(b) Record Applied Service Overhead
(c) Record Cost of services billed
(d) Record Actual Service Overhead
Show labor and overhead cost flows through T-accounts.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 21:20, HannyBun
Abakery wants to determine how many trays of doughnuts it should prepare each day. demand is normal with a mean of 5 trays and standard deviation of 1 tray. if the owner wants a service level of at least 95%, how many trays should he prepare (rounded to the nearest whole tray)? assume doughnuts have no salvage value after the day is complete.
Answers: 2
Business, 22.06.2019 03:00, arionaking59p71cfc
Match the given situations to the type of risks that a business may face while taking credit.(there's not just one answer)1. beta ltd. had taken a loan from a bankfor a period of 15 years, but its salesare gradually showing a decline.2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any researchbefore making this decision.3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession.4. delphi ltd. has taken a short-term loanfrom the bank, but its supply chain logistics are not in place. a. foreign exchange riskb. operational riskc. term of loan riskd. revenue projections risk
Answers: 1
Business, 22.06.2019 11:00, roseemariehunter12
In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000
Answers: 3
Do you know the correct answer?
For August, Royal Consulting and Mediation Practice (RCMP) worked 750 hours for Alberta Company and...
Questions in other subjects:
Mathematics, 22.03.2021 20:30
Chemistry, 22.03.2021 20:30
Mathematics, 22.03.2021 20:30
Biology, 22.03.2021 20:30
