Question: What is the formula? Options from the drop-down menu are: direct hours by professional, direct professional labor, support allocation rate, or support cost per hour.
What is the formula?
Options from the drop-down menu are: direct hours by professional, direct professional labor, support allocation rate, or support cost per hour.
The Waterston Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows: (Click the icon to view the hourly rates.) WG has just prepared the May 2017 bills for two clients. The hours of professional time spent on each client are as follows: E (Click the icon to view the hours by client.) Read the requirements Requirement 1. What amounts did WG bill to Southern Sun Dominion and Dublin Enterprises for May 2017? Determine the formula needed to calculate the total cost per professional for each client when WG allocates support costs at 30% of direct professional costs. Direct professional labor = Cost per professional Data Table - X Data Table - X Professional Billing Rate per Hour $ 620 Professional Hours per Client Southern Sun Dominion Dublin Enterprises 15 2 Marvin Waterston Amber Batemen Jerome Atwood 230 Waterston Batemen Atwood 80 3 22 8 30 40 40 Total Print Done Print Done
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