Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the firm, bills $168 per hour for services perform

The firm, bills $168 per hour for services performed. The cost per hour for professional...

50.1K

Verified Solution

Question

Accounting

The firm, bills $168 per hour for services performed. The cost per hour for professional staff time is $78.
Billable hours to clients for the year totaled 8,800, consisting of information systems services, 5,280; e-commerce consulting, 3,520.Administrative cost of $423,760 was (and continues to be) allocated to both services based on billable hours. These costs consist of staff support, $225,480; in-house computing, $159,000; and miscellaneous office charges, $39,280.
Number of clients 26585350
Number of computer hours 3,8802,3806,260
Number of client transactions 7608601,620
Assume that the firm uses traditional costing procedures, allocating total costs on the basis of billable hours. What is the income for Information system services (it is not $887,040 that is the totall billing amount, and it is not $221,320)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

8 Can the real number 6 be classified as a rational number O O False...

Accounting
1.2K views

Company Y had book income of $600,000. The following items wereidentified:1. Income from PA...Company...

Statistics
1.2K views

A police department is interested in learning if men or women do better as a result...

Chemistry
1.2K views

You are making a stock salt solution by diluting 0.7563g of salt to 500mL with water. a)...

Chemistry
1.2K views

1) determine the heat of reaction from the bond enthalpies for the reaction given H2      +     Br2   >>   ...

Basic Math
1.2K views

Jenny Tarver purchases a $1,599.99 treadmill, a $49.99 pair of walking shoes, a $79.99 leather...

Basic Math
1.2K views

Write the following number in decimal notation.Ninety-two and seven hundredths

Algebra
1.2K views

Consider the subspace V of R given by 3 0 4 1 a Find an...

Accounting
1.2K views

The merchandise purchases budget depends on information from the sales budget. True False

Accounting
1.2K views

DPK Co is a company established over 5 years ago in Salthill, Co. Galway. It...

Accounting
1.2K views

You are the audit senior for the audit of Grosse Ltd. and have been given...

Finance
1.2K views

(a) ABC Inc.'s stock has a 25% chance of producing a 10% return, a 50%...