Baptiste Accounting Services expects its accountants to work a total of 30,000 direct labor hours per year. The company's estimated total indirect costs are $152,000. The direct labor rate is $104 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Baptiste performs a job requiring 52 hours of direct labor and bills the client using a standard markup of 40% of costs, calculate the amount of the client's bill. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $5408
B) $216,320
C) $2269
D) $7940
D) $7940
Explanation:
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