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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
- 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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education