Question: What is the correct answer for billing rate for both Debbie and Tara? McBride and Associates employs two professional appraisers, each having a different specialty.
McBride and Associates employs two professional appraisers, each having a different specialty. Debbie specializes in commercial appraisals and Tara specializes in residential oppraisals. The company expects to incur total overhead costs of $315.150 during the year and applies overhead based on annual salary costs. The salaries and billable hours of the two appraisers are estimated to be as follows: The accountant for McBride and Associates is computing the hourly rote that should be used to charge clients for Debbie's and Tara's services. The hourly billing rate should be set to cover the total cost of serices (salary plus overhead) plus a 20 percent markup. Required: 1. Compute the predetermined overnead rate. 2. Compute the hourly billing rates for Debbie and Tara. question by entering your answers in the tabs below. Compute the hourty billing rates for Debbie and Tara. Note: Do not round your intermediate caiculations, and round your ffal answers to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
