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Hughes Payroll and Clerlcal Services (HPCS) provides payroll, bookkeepIng, and other services to small busInesses....

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Accounting

image Hughes Payroll and Clerlcal Services (HPCS) provides payroll, bookkeepIng, and other services to small busInesses. HPCS financlal records show the following costs for last quarter (QTR 1): HPCS recorded 4,375 billable hours In QTR 1 and fixed admInIstratlve cost was $245,000. Assuming no change In billable hours in the next quarter (QTR 2), supplies costs are expected to Increase by 10 percent. Direct labd costs are expected to Increase by 22 percent. Varlable admInIstration per billable hour Is expected to remaln the same, but fixed administration cost Is expected to decrease by 7 percent. Requlred: a. HPCS expects to bill 5,250 hours next quarter. What are the estimated direct materlals, direct labor, varlable overhead, and fixed overhead costs for next quarter (QTR 2)? b. DetermIne the total costs per billable hour for QTR 1 and QTR 2. Complete this question by entering your answers in the tabs below. HPCS expects to bill 5,250 hours next quarter. What are the estimated direct materials, direct labor, variable overhead, and fixed overhead costs for next quarter (QTR 2)? Note: Do not round intermediate calculations. Round your final answers to whole dollar

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