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H3Ko H3Ko
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7 years ago
Fogelin Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances. Fogelin has four public relations specialists and office staff. At the beginning of the year, Fogelin estimated the total cost of salaries and benefits for the public relations specialists at $403,900 and a total of 7,200 billable hours for the year. The office and administrative costs were estimated at $679,000. What direct labor rate would Fogelin use for the cost of its specialists? (Round your answer to the nearest cent.)
A) $94.31 per hour
B) $38.21 per hour
C) $56.10 per hour
D) $150.40 per hour
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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#4
3 years ago
Thank you very much
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