Grays Accounting pays Rita Flores $ 51,000 per year. Flores works 1,000 hours per year. Requirements 1.
Question:
Gray’s Accounting pays Rita Flores $ 51,000 per year. Flores works 1,000 hours per year.
Requirements
1. What is the hourly cost to Gray Accounting of employing Flores? Assume a 25-hour week and a 51-week year.
2. What direct labor cost would be assigned to Client 507 if Flores works 14 hours to prepare Client 507’s financial statements?
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Related Book For 
Horngrens Accounting The Managerial Chapters
ISBN: 9781292105871
11th Global Edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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