Discuss how much is the cost of the layline client

Assignment Help Accounting Basics
Reference no: EM131807272

Petrie Financial Services provides finance and accounting consulting services to clients. Petrie incurred 110 hours of labor for Layline Corp. at a cost of $85 per hour, and billed Layline $165 per hour. Overhead is applied at 58% of professional labor cost. How much is the cost of the Layline client using traditional costing?

Reference no: EM131807272

Questions Cloud

What is the maximum car purchase price : What is the maximum car purchase price that she can afford with her loan?
Construct the null and the alternative hypotheses : In May 2008, CNN reported that Sports Utility Vehicles (SUVs) are plunging toward the "endangered" list. Due to soaring oil prices and environmental concerns.
Average length of life differs between the brands : A consumer advocate researches the length of life between two brands of refrigerators, Brand A and Brand B.
What is the purchase price : We know a car can be had for 60 monthly payments of $399. The dealer has set us a nominal interest rate of 4.5% compounded daily. What is the purchase price?
Discuss how much is the cost of the layline client : Overhead is applied at 58% of professional labor cost. How much is the cost of the Layline client using traditional costing
Inspection equipment on its assembly line : By installing some elaborate inspection equipment on its assembly line, the Robot Corp. can avoid hiring an extra worker who would have earned $36,000
Discuss why east asian countries economies grew more rapidly : Discuss why East Asian countries economies grew more rapidly between 1960 and 2000 than did those of sub-Saharan African countries.
Economic analysis for some equipment : Jerry Stans, a young industrial engineer, prepared an economic analysis for some equipment to replace one production worker
Schedules of disbursements : Two alternative courses of action have the following schedules of disbursements:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe the entrepreneurial innovation model

List the four components that describe the entrepreneurial innovation model. Which component is the most critical to success? Defend your choice.

  Estimating the goals for sales and return on assets

The president of Blue Moon Corp. and her department managers are reviewing the operating results of the year just completed. Sales increased by 12% from the previous year to $750,000. Average total assets for the year were $400,000. Net income, af..

  Which of the following statements does not represent a

1. which of the following business unit performance measures could be appropriately used to evaluate a cost center?a

  The company uses standard costing the company makes and

the company uses standard costing. the company makes and sells a single product called a roff. the following data are

  Mcgann corporation is developing standards for its products

mcgann corporation is developing standards for its products. each unit of output of the product requires .50 kilogram

  Treat deferred tax liabilities

Analysts should treat deferred tax liabilities that are expected to reverse as: A. equity.

  On january 42007 larsen company purchased 5000 shares of

on january 42007 larsen company purchased 5000 shares of warner company for 59500 plus a brokers fee of 1000. warner

  Calculate the amount of the loss recorded on the sale

On January 1, 2018, XYZ Company paid $380,000 to purchase land, building, and equipment. Calculate the amount of the loss recorded on the sale of the equipment

  Make a scenario where the transfer of property to

make a scenario where the transfer of property to controlled corporation under section 351 of internal revenue code irc

  What would you recommend for amazon shares

Describe the general procedure of forecasting pro-forma income statement and balance sheet as we discussed in class and what would you recommend for Amazon Shares?

  Calculate estimated dollar savings for gibson corporation

Calculate the estimated dollar savings (loss) for the Gibson Corporation that would result in 2017 from the adoption of JIT purchasing.

  Analyze the section showing typical stock information

Analyze the section showing typical stock information and financial positions of companies. Next, analyze one company's financial position and determine whether or not the stock potential will rise, remain stable, or decrease in value.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd