Mira allocates office and administrative costs to clients monthly, using a predetermined overhoad alocation rate...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Mira allocates office and administrative costs to clients monthly, using a predetermined overhoad alocation rate based on billable hours During July Mra's professionais spent 37 hours on their client, Riley Sales. Mira adds a 20% markup on its costs to cakcufate the amount billed to the customer. How much should the company charge Riley Sales for the month of July? (Round your intermodiate calculations to the nearest cent, and your firal answer to the nearest dolar) Mira Financial Advisors provides accounting and finance assistance to customers in the retail business. M clerical staff. Total compensation, including benefits, for the The professional staff keep detailed time sheets organized by dlient number. The total office and administrative costs for the year are $573,000 Mira has four professionals on staff, plus an office with si A $6,071 OB $7,285 o c. $1329,000 OD. $183,000
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!