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Question

ssignmentMain.do?inwoker raassignment-take&inprogress; false eBook Video alculating Price by Applying a Markup Percentage to Corst Integrity Accounting Firm provides various financial services to organizations. Integrity has of the job plus 14.4 percent. The job for a medium-sized dance dub dient incdluded the following costs decided to price its jobs at the total variable costs Direct materials Direct labor (partners and staff accountants) Depreciation (using straight-line method) on 5,000 90,000 Integrity's office building Required: Calculate the price charged by Integrity Accounting Firm to the dance dub. 50,000 It required, round to the nearest dollar 9 0

Explanation / Answer

the following table shows the price charged by Integrity accounting firms to the dance club.

note: depreciation is a fixed cost and is not to be considered, since the policy of integrity accounting firm is to price at total variable costs plus 14.40%

direct materials $5,000 direct labour (partners and staff accountants) 90,000 Total variable costs $95,000 Add: markup on variable cost @14.4% 13,680 price charged by integrity accounting $108,680

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