Help with This question. The managing partner at Dorothy's Accounting...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Help with This question.
The managing partner at Dorothy's Accounting Service typically hires one part-time intern to complete her clients' basic tax returns. Dorothy expects her intern to complete 300 of these basic returns, estimating each one to take 30 minutes of the intern's time. Dorothy pays her intern $30 /hour and incurs additional variable overhead costs of $16/ hour associated with the resources that are needed behind the scenes for these jobs. What cost of services should Dorothy budget for all basic tax returns this season, and how much should she charge each client if she wants to earn 50% gross margin on each of these returns? (Round sales price per unit to 2 decimal places, e.g. 15.25.) Cost of services $ Sales price per unit $ per unit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!