A local engineering firm is bidding on a design project for a new client. The total...
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A local engineering firm is bidding on a design project for a new client. The total budgeted direct- labor costs for the firm are $400,000. The total budgeted indirect costs are $600,000. It is estimated that there are 8,000 billable hours in total. The firm uses direct labor costs as the allocation base. Direct materials used on the design project are $21,000. What should be the engineering firm bid on the project (cost of the project) if the direct labor hours are estimated at 300 hours? A local engineering firm is bidding on a design project for a new client. The total budgeted direct- labor costs for the firm are $400,000. The total budgeted indirect costs are $600,000. It is estimated that there are 8,000 billable hours in total. The firm uses direct labor costs as the allocation base. Direct materials used on the design project are $21,000. What should be the engineering firm bid on the project (cost of the project) if the direct labor hours are estimated at 300 hours?
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Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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