LLC Service Inc. provides professional consultancy services to third-party firms. Professional staff are paid P150 per hour, and their time is billed at P500 per The firm estimates the following total costs for the coming year: Estimated cost of professional staffP3,000,000 (20,000 hours of staff time)Estimated other costs (overhead)4,000,000Total estimated costsP7,000,000ABC Corp. became a new client of the firm with job requirements of 100 hours of professional staff time. Present in a tabular format the total billing for the job.

Calculation of total billing for the job Professional staff are paid = P150 per hour time is billed…

Answered: LLC Service Inc. provides professional…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 2EA: Park and West, LLC, provides consulting services to retail merchandisers in the Midwest. In 2019,...

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LLC Service Inc. provides professional consultancy services to third-party firms. Professional staff are paid P150 per hour, and their time is billed at P500 per The firm estimates the following total costs for the coming year:

Estimated cost of professional staff	P3,000,000 (20,000 hours of staff time)
Estimated other costs (overhead)	4,000,000
Total estimated costs	P7,000,000

ABC Corp. became a new client of the firm with job requirements of 100 hours of professional staff time. Present in a tabular format the total billing for the job.

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