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Question
Abba Accounting expects its accountants to work a total of 24,000 direct labor hours per year. Abba's estimated total indirect costs are $240,000. The direct labor rate is $75 per hour. If Abba does a job requiring 40 hours of direct labor, and bills the client using a standard markup of 40%, what will be the amount that Abba bills the client for?
A) $3,700
B) $4,200
C) $3,400
D) $4,760
Answer
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Related questions
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Sep Cash collections
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B) classified form balance sheet.
C) account form balance sheet.
D) audited form balance sheet.
Q:
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Q:
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B) posting.
C) proofing.
D) footing.
Q:
A) chart of accounts.
B) ledger.
C) trial balance.
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Answer: B
Q:
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B) Revenues decrease owner's equity, so a revenue account's normal balance is a debit balance.
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Q:
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Q:
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B) finding the account number in the chart of accounts.
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At the end of the year, actual data were as follows:
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C) $12,000 Favorable
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