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As a service to the public, the accounting department at a major university provides speakers for ...

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As a service to the public, the accounting department at a major university provides speakers for ...

As a service to the public, the accounting department at a major university provides speakers for budgeting seminars at functions such as club meetings, couples' retreats, and at several local half-way houses and women's shelters. Speakers, who hold doctorate degrees in accounting, are paid by the college of business an hourly rate of $75 plus fringe benefits estimated at 30% of their hourly rate. Since all speaking engagements are in the local area, speakers are paid 10% of their hourly rate for transportation costs. Speakers are paid for their speaking time plus their travel and preparation time. The standard time estimated for each speaking engagement is 1 hour and 30 minutes.

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Calculate the standard cost for each engagement.

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Managerial Accounting

Edition: 4^th

Author: Davis

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