ABC Accounting Services provides general accounting, audit and advisory services to clients. ABC charges clients at the rate of $150 per hour for its services. The overhead charge per hour for job is $40. Clients A and B each incurred 120 hours of accounting services during May. Client A's accounting services were conducted by two senior accountants and one junior accountant each working 40 hours. Client B's consulting was done by four junior accountants each working equal time. The actual cost of each class of accountant is
Senior Accountant $75 per hour
Junior Accountant $47.50 per hour
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
Calculate the total cost of each client job.
for client A. we have :
(2 * senior accountant * working hours)+(1* junior accountant)+120 * 40
= (2 * 75 * 40) + (1 * 47.50 * 40) + 4800 = 6000 + 1900 + 4800 = 12'700 $
income for A is = (120 * 150) - 12700 = 5'300 $
and for B :
(4 * 47.50 * 30) + 120 * 40 = 5700 + 4800 = 10'500 $
income for B is : 120 * 150 - 10500 = 7'500 $