MorganMorganCompany is a consulting firm. The firm expects to have $ 57 comma 600$57,600in indirect costs during the year and bill customers for 8 comma 0008,000hours. The cost of direct labor is $ 72$72per hour.

16. Calculate the predetermined overhead allocation rate for MorganMorgan. 17. MorganMorgan completed a consulting job for StanleyStanley GulloGullo and billed the customer for 1919 hours. What was the total cost of the consulting job? 18. If MorganMorgan wants to earn a profit equal to 4040% of the cost of a job, how much should the company charge Mr. GulloGullo?

16. Calculate the predetermined overhead allocation rate for MorganMorgan. 17. MorganMorgan completed a consulting job for StanleyStanley GulloGullo and billed the customer for 1919 hours. What was the total cost of the consulting job? 18. If MorganMorgan wants to earn a profit equal to 4040% of the cost of a job, how much should the company charge Mr. GulloGullo?

16. Calculate the predetermined overhead allocation rate for MorganMorgan.

16.

Calculate the predetermined overhead allocation rate for MorganMorgan.

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17. MorganMorgan completed a consulting job for StanleyStanley GulloGullo and billed the customer for 1919 hours. What was the total cost of the consulting job?

17.

MorganMorgan completed a consulting job for StanleyStanley GulloGullo and billed the customer for 1919 hours. What was the total cost of the consulting job?

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18. If MorganMorgan wants to earn a profit equal to 4040% of the cost of a job, how much should the company charge Mr. GulloGullo?

18.

If MorganMorgan wants to earn a profit equal to 4040% of the cost of a job, how much should the company charge Mr. GulloGullo?

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16. Calculate the predetermined overhead allocation rate for MorganMorgan.

Predetermined overhead Estimated billable costs / = allocation rate / = per hour

Predetermined overhead Estimated billable costs / = allocation rate / = per hour

Predetermined overhead

Predetermined overhead

Estimated billable costs / = allocation rate

Estimated billable costs

/

=

allocation rate

/ = per hour

/

=

per hour

17. MorganMorgancompleted a consulting job for StanleyStanleyGulloGulloand billed the customer for 1919hours. What was the total cost of the consultingjob?

Morgan Company Total Cost of the Gullo Job hrs. x = + hrs x = Total cost

Morgan Company Total Cost of the Gullo Job hrs. x = + hrs x = Total cost

Morgan Company

Morgan Company

Total Cost of the Gullo Job

Total Cost of the Gullo Job

hrs. x =

hrs. x

=

+

+

hrs x =

hrs x

=

Total cost

Total cost

18. If MorganMorganwants to earn a profit equal to 4040%of the cost of ajob, how much should the company charge Mr. GulloGullo?

Add: Required charge for job

Add: Required charge for job

Add:

Add:

Required charge for job

Required charge for job