do it please

Chapter 4 Review local union and has the following conformation The amounting firm completes an audit for a la Indirect labor $60.000 Office lease 522.000 Depreciation on office equipment $8,000 Marketing expense $20.000 Unilities $15.000 ed at $500,000 for the year and overhead is allocated based on 2 audit associates on the audit. Partners are paid $150 per The firm's direct labor costs are budgeted at $500 direct labor costs. The firm used 1 partner and 2 audit ass hour while audit associates earn $50 per hour. Then audit associates spent a total of 40 hours. cum $50 per hour. The partner spent 6 hours on the Required: What is the cost of the audit? Wie firm is bidding on a design project for a new client. The total budgeted direct-labor are $100,000. The total budgeted indirect costs are $600,000. It is estimated that there A local engineering firm is bidd costs for the firm are $100.000 are 8.000 billable hours in total. Required: What is the budgeted direct-labor cost rate? h What is the budgeted indirect-cost rate assuming direct-labor cost is the allocation base? c. What should be the engineering firm bid on the project if the direct labor hours are estimated at 300 hours? CPA employs ten full-time professionals. The budgeted compensation per employee is $50,000. Nillable hours for each client are 400. Clients always receive their full amount of time. All al labor costs are included in a single direct-cost category and are traced to jobs on a per-hour Any other costs are included in a single indirect-cost pool, allocated according to professional her hours, Budgeted indirect costs for the year are $200,000 and the firm had 20 clients. Required: 2. What is the direct-labor-cost rate per hour? b. What is the indirect-cost rate per hour? 2) Apple Manufactur entory records Manufacturing Company uses a job order cost accounting system and keeps perpetual cords. Prepare journal entries to record the following transactions during the month of une 1 8 Purchased raw materials for $20,000 on account. Raw materials requisitioned by production Direct materials $8,000 15 25 Indirect materials 1,000 Paid factory utilities, $2,100 and repairs for factory equipment, $8,000 incurred $108,000 of factory labor. 25 Time tickets indicated the following: Direct Labor (7,000 hrs $12 per hr) = $84,000 Indirect Labor (3,000 hrs x $8 per hr) - 24.000 $108.000 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked. Goods costing $18,000 were completed in the factory and were transferred to finished goods. 25 28 30 Goods costing $15,000 were sold for $20,000 on account