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H3Ko H3Ko
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7 years ago
Pluto Travel Services provided the following information:

Direct labor rate: $40 per hour
Predetermined overhead allocation rate for indirect costs: $21 per direct labor hour

Pluto is negotiating a job with a new client. The job will require 10 hours of direct labor. If Pluto wishes to have at least a 15% gross profit on the revenues, it needs to earn $713 of revenues.
A) True
B) False
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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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
4 years ago
thank u
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