Blake Accounting pays Tim Johnson $03,600 per year. Assume that Blake's accountants are expected to work a total of 12.000 direct labor hours in Mi 2018, Blake's estimated total indirect costs are $168,000 and the allocation base used is direct labor hours Read the requirements
Requirement 1. What is Blake's predetermined overhead allocation rate? Predeternmined overhead allocation rate
Requirement 2. What indirect costs will be allocated to Client 507 if Tim Johnson, an accountant at Blake Accounting, works 11 hours to prepare the financial statements?
1. What is Blake's predeternmined overhead allocation rate?
2. What indirect costs will be allocated to Client 507 if Tim Johnson, an accountant at Blake Accounting, works 11 hours to prepare the financial statements?
Answers: 2
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Blake Accounting pays Tim Johnson $03,600 per year. Assume that Blake's accountants are expected to...
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