Question: E3-29A (book/static) E Question Help Robert Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. The firm uses a


E3-29A (book/static) E Question Help Robert Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. The firm uses a job cost system with a predetermined indirect cost allocation rate computed as a percentage of expected direct labor costs. At the beginning of the year, managing partner DeeAnn Robert prepared the following plan, or budget, for the year: ElB Click the icon to view the prepared budget.) Read the requirements Requirement 1 a. Compute Robert Consulting's hourly direct labor cost rate. (Round your answer to the nearest whole dollar.) Direct labor rate hour 1 Data Table Direct labor hours (professionals) . . . 14,000 hours Direct labor costs (professionals) . . . .$ 2,150,000 Office rent. . . s 290,000 Chase Resources is inviting several consulting firms to bid for work. Robert estimates that this job will require about 210 direct labor hours
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
