Title: The Celestial Group (CG) provides financial advice to individuals and corporations. CG charges ... Post by: ashly138 on Nov 4, 2017 The Celestial Group (CG) provides financial advice to individuals and corporations. CG charges clients for (a) direct professional time, and (b) support services. The three professionals in CG and their rates per professional hour are as follows:
Billing Rate Professional per Hour Sandra Lockheart $250 Jamie Sanders 225 James Liu 200 Monthly support service costs are as follows: Monthly Cost Reception $3,900 Associates 18,750 Clients are charged a standard support service fee of $200 per month. There is one receptionist who covers the office and spends her time equally on each of the companies sixty clients. The three associate advisors work together on client files. They work a total of 500 hours per month on client accounts. During June they worked a total of 0 hours on the XB Corp file; and, 18 hours on the JN Corp file. The associates provide support for the professional advisors and give advice to clients on matters that do not require a securities license. CG has just prepared the June bills for two client corporations owned by the same person.: XB Corp JN Corp Sandra Lockheart $ 3,000 $13,750 Jamie Sanders 900 1,350 James Liu 0 1,800 Support Services 200 200 Total $ 4,100 $ 16,900 The owner of the two corporations has questioned the June bill. She is wondering why support services is the same amount when XB Corp required no support service for the month. Required: Prepare more appropriate bills for June using the activity-based costing approach. Title: Re: The Celestial Group (CG) provides financial advice to individuals and corporations. CG charges ... Post by: Munihasen on Nov 4, 2017 Content hidden
Title: Re: The Celestial Group (CG) provides financial advice to individuals and corporations. CG charges ... Post by: mmm152001 on Aug 3, 2020 Thank you!
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