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o enL Optr \'un\' apples 8 mdrecl operating custs e.g., t uli ues, tru managnenl

ID: 2332079 • Letter: O

Question

o enL Optr 'un' apples 8 mdrecl operating custs e.g., t uli ues, tru managnenl seanes 88 a percen! u Ibe consu ants labor cost ur ' thie most ecent year the m esir al ha it ou pay $230 00 to itsconsukanIs nd ncur " d"ect oper na oosts or 345 000 ol al or su int 1800 oost ere $245 0 0 nd 8 tual "Kli ect opera na st8 ere 335,000. T cost records or three pirnum 8 dier is gre summarized below Food and meitionel supplements Nutntional counseling (518 per hour) Personal fitness traning (523 per hour) Incirect operatrg costs Judy Tom Elizabech S 500 $ 1000$ 300 215 920 180 460 350 590 Required: 1. Compule the predelermined overhead rale. 2. Determine the total cost of serving each client Total Cost af Scring 3. ss mc the company charges c ents an up ron c o $430 Food and nutntiona supplements are priced a 30 percen bove cost. C en s arc charged S47 per hour or consulting services both nutrton counscling and personal r nng). Decrmine he profitabilty o cach client Protitahiity

Explanation / Answer

Answer for 1)

Predetermined overhead rate:

(standard indirect operating costs/standard consultant labour cost)×100

=($345000/$230000)×100=150%

Answer for 2)

Overhead rate:

(Indirect operating costs/consultant labour costs)×100

Answer for 3)

Judy Tom Elizebth Total cost of serving $2100 $3625 $3140 (Working) $500+$180+$460+(($180+$460)×150%) $1000+$350+$590+($(360+690)×150%) $300+$216+$920+($(216+920)×150%)