Wong Accounting Services is considering a special order that it received from one of its corporate clients.
Question:
Materials cost per page ........... $1
Average hourly labor rate .......... $60
Standard hours per return .......... 4
Standard pages per return .......... 10
Variable overhead cost per page ....... $0.50
Fixed overhead cost per page ....... $0.50
Wong would be satisfied with a $40 gross profit per return. Compute the minimum bid price for the entire order.
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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