The budgeted direct cost rate for professional partners. Given information: 2014, Budgeted direct cost is $210,000 Budgeted direct labor hour is 1,500

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Answer 1

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

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Answer 2

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

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Answer 3

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

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Answer 4

Question

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

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Answer 5

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

3.

To determine

To compute: The budgeted cost for R and P incorporation.

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Answer 6

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

Answer 7

Chapter 4, Problem 4.33P

(1)(a)

To determine

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

Answer 8

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

Answer 9

(b)

To determine

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

Answer 10

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

Answer 11

(2)(a)

To determine

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

Answer 12

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

Answer 13

(b)

To determine

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500

Answer 14

3.

To determine

To compute: The budgeted cost for R and P incorporation.

Answer 15

3.

To determine

To compute: The budgeted cost for R and P incorporation.

Answer 16

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

Answer 17

4.

To determine

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

Answer 18

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Answer 19

5.

To determine

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

Answer 20

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Answer 21

Expert Solution & Answer

Answer 22

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Answer 23

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The budgeted direct cost rate for professional partners. Given information: 2014, Budgeted direct cost is $210,000 Budgeted direct labor hour is 1,500

To compute: The budgeted direct cost rate for professional partners. Given information: 2014, Budgeted direct cost is $210,000 Budgeted direct labor hour is 1,500

To compute: The budgeted direct cost rate for professional associates. Given information: 2014, Budgeted direct cost is $75,000 Budgeted direct labor hour is 1,500

To compute: The budgeted indirect cost rate for general support. Given information: Budgeted indirect cost is $2,025,000 Calculated values, Budgeted indirect labor hours is 37,500

To compute: The budgeted indirect cost rate for secretarial support. Given information: Budgeted indirect cost is $450,000 Calculated values, Budgeted indirect labor hours is 7,500

To compute: The budgeted cost for R and P incorporation.

To explain: The result comes from part 3 and explains the difference of cost as computed in 4-32E.

To explain: The K associates use job costing system of problem 4-4.32E or of this problem.

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Chapter 4 Solutions

To compute: The budgeted direct cost rate for professional partners.

Given information:

2014,

Budgeted direct cost is $210,000

Budgeted direct labor hour is 1,500

To compute: The budgeted direct cost rate for professional associates.

Given information:

2014,

Budgeted direct cost is $75,000

Budgeted direct labor hour is 1,500

To compute: The budgeted indirect cost rate for general support.

Given information:

Budgeted indirect cost is $2,025,000

Calculated values,

Budgeted indirect labor hours is 37,500

To compute: The budgeted indirect cost rate for secretarial support.

Given information:

Budgeted indirect cost is $450,000

Calculated values,

Budgeted indirect labor hours is 7,500