The Wolf son Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct
Question:
Professional Billing Rate per Hour
Myron Wolf son $500
Ann Brown 120
John Anderson 80
WG has just prepared the May 2005 bills for two clients. The hours of professional time spent on each client are as follows:
Required
1. What amounts did WG bill to Seattle Dominion and Tokyo Enterprises for May 2005?
2. Suppose support services were billed at $50 per professional labor-hour (instead of 30% of professional labor costs). How would this change affect the amounts WG billed to the two clients for May 2005?
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0131495388
12th edition
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
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