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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

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