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This Question: 8 pts Gray Conpany is a consulting frm. The firm expects to have...

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This Question: 8 pts Gray Conpany is a consulting frm. The firm expects to have $48,000 in indirect costs during the year and bill customers for 7,500 hours. The cost of direct labor is $76 per hour 16. Calculate the predetermined overhead allocation rate for Gray 17. Gray completed a consulting job for Scott Wilmott and billed the customer for 15 hours. What was the total cost of the consulting job? 18. IfGray wants to eam a profit equal to 60% of the cost of a job, how much should the company charge Mr. Wilmot? 6.Calculate the predetermined overhead allocation rate for Gray Predetermined overhead allocation rate Estimated billable hours Estmated total indirect costs 48000 7500 76 per hour 7.Gray comploted a consulting lob for Scott Wimott and billed the customer for 15 hours. What was the total cost of the consulting job? Gray Company otal Cost of the Wilmott Job Indirect costs hrs. x 1140 76 hrs x Total cost 18."Gray wants to eam a profit equal to 60% of the cost of apo, how much should the company charge Mr. Wilmot? Add Required charge for job

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