Calculating Price by Applying a Markup Percentage to Cost Integrity Accounting Firm provides various financial...
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Accounting
Calculating Price by Applying a Markup Percentage to Cost
Integrity Accounting Firm provides various financial services to organizations. Integrity has decided to price its jobs at the total variable costs of the job plus 14.9 percent. The job for a medium-sized dance club client included the following costs:
| Direct materials | $ 5,000 |
| Direct labor (partners and staff accountants) | 90,000 |
| Depreciation (using straight-line method) on Integritys office building | 50,000 |
Required:
Calculate the price charged by Integrity Accounting Firm to the dance club. If required, round to the nearest dollar. $fill in the blank 1
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