Elite Stationary employs 20 full-time employees and 10 trainees. Direct and indirect costs are applied on...

 

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Elite Stationary employs 20 full-time employees and 10 trainees. Direct and indirect costs are applied on a professional labor-hour basis that includes both employee and trainee hours. Following is information for 2020: Indirect costs Annual salary of each employee Annual salary of each trainee Total professional labor - hours Budget $200,000 $100,000 $25,000 50,000 dlh Actual $300,000 $110,000 $30,000 60,000 dlh How much should a client be billed in a normal costing system when 1,400 professional labor-hours are used? Elite Stationary employs 20 full-time employees and 10 trainees. Direct and indirect costs are applied on a professional labor-hour basis that includes both employee and trainee hours. Following is information for 2020: Indirect costs Annual salary of each employee Annual salary of each trainee Total professional labor - hours Budget $200,000 $100,000 $25,000 50,000 dlh Actual $300,000 $110,000 $30,000 60,000 dlh How much should a client be billed in a normal costing system when 1,400 professional labor-hours are used?