Alejandro Associates is an accounting firm that provides audit and tax services to its clients. Each tax return is considered a "job" for the firm, just like a manufacturing company considers a customer order as a "job." Alejandro has direct costs related to Tax Return 8405 as follows: 7 hours of staff labor @ $107 per hour • 3 hours of assembly labor @$168 per hour $68 of materials ● ● In addition, Alejandro Associates estimates its overhead related to the manufacture of tax returns to be $57,793 for the year. The company expects to do 11,138 returns for the year. The company also expects to use 54,960 staff hours for the year. If Alejandro allocates overhead to jobs based on staff hours, what is the total cost of Tax Return 8405? *Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.

Alejandro Associates is an accounting firm that provides audit and tax services to its clients. Each tax return is considered a "job" for the firm, just like a manufacturing company considers a customer order as a "job." Alejandro has direct costs related to Tax Return 8405 as follows: 7 hours of staff labor @ $107 per hour • 3 hours of assembly labor @$168 per hour $68 of materials ● ● In addition, Alejandro Associates estimates its overhead related to the manufacture of tax returns to be $57,793 for the year. The company expects to do 11,138 returns for the year. The company also expects to use 54,960 staff hours for the year. If Alejandro allocates overhead to jobs based on staff hours, what is the total cost of Tax Return 8405? *Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 34P: Mason, Durant, and Westbrook (MDW) is a tax services firm. The firm is located in Oklahoma City and...

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Alejandro Associates is an accounting firm that provides audit and tax services to its clients. Each tax return is considered a "job" for the firm, just like a manufacturing company considers a customer order as a "job." Alejandro has direct costs related to Tax Return 8405 as follows: • 8 hours of staff labor @ $96 per hour • 6 hours of assembly labor @$146 per hour • $67 of materials In addition, Alejandro Associates estimates its overhead related to the manufacture of tax returns to be $58,581 for the year. The company expects to do 11,932 returns for the year. The company also expects to use 57,139 staff hours for the year. If Alejandro allocates overhead to jobs based on staff hours, what is the total cost of Tax Return 8405? *Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.
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