Integrity Accounting Firm provides various financial services to organizations. Integrity has decided to price its jobs at the total variable costs of the job plus 10 percent. The job for a medium- sized dance club client included the following costs:
Direct materials.........................$ 5,000
Direct labor (partners and staff accountants) ...............90,000
Depreciation (using straight- line method) on Integrity’s office building....50,000
Required:
Calculate the price charged by Integrity Accounting to the dance club.