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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
The law firm of Smith & Jones has a staff of 30 lawyers and administrative staff. Budgeted total costs of the firm total $4,000,000 of which $2,500,000 is direct-labor costs.  Assuming that the remaining costs are indirect and direct-labor cost is the allocation base, calculate the budgeted indirect cost rate.
A) 38 of direct-labor cost
B) 60% of direct-labor cost
C) 63% of direct-labor cost
D) 160% of direct-labor cost
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
Authors:
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Very happy to know people like you still exist. Really, without your help, I wouldn't understand the content one bit.
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#3
9 years ago
Sweet, you're welcome.
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