Joleen harmon, cpa, has two clients.

1. Joleen Harmon, CPA, has two clients. Client A requires 20 hours of partner time and 100

Don't use plagiarized sources. Get Your Custom Essay on
Joleen harmon, cpa, has two clients.
Just from $13/Page
Order Essay

hours of staff time. Client B will use 12 hours of partner time and 80 hours of staff time.

Partners are paid $85 an hour and bill support time at 60% of their hourly rate. Staff are

paid $25 an hour and bill support time at $20 per billable hour.

On a separate sheet of paper, calculate the total charge to each of these clients if profit is

added at 20% over cost. Label each answer carefully and show all of your work. (This question is worth 10 points.)

2. The Tijama Manufacturing Company has determined the cost of manufacturing a unit of product to be as follows, based on annual production of 50,000 units per year:

Direct materials $20.00

Direct labor 15.00

Variable factory overhead 10.00

Fixed factory overhead 12.00

Operating statistics for the month of August and September are as follows:

August September

Units produced 4,200 3,500

Units sold 3,500 4,200

Selling and administrative expenses $25,000 $35,000

The selling price is $75 a unit. There were no inventories on August 1, and there is no work in process at September 30.

Prepare comparative income statements for each month under both absorption costing

and direct costing. Use the forms at the end of this examination to complete this problem.

(This question is worth 25 points.)

3. The Donal Company has sales of $800,000, variable costs of $300,000, and fixed costs

of $250,000.

On a separate sheet of paper, compute the following. Label each answer carefully and

show all of your work.

a. Contribution margin ratio

b. Break-even sales volume

c. Margin of safety ratio

d. Net income as a percentage of sales

(This question is worth 20 points, 5 points for each part.)

4. Complete Problem 9-6 on page 416 in your textbook. Use the

forms provided in the Study Guide/Working Papers booklet on

pages WP-283 and WP-284. (This question is worth 25 points.)

5. Complete the Chapter 10 Mini-Case on page 461 in your

textbook. Use a separate sheet of paper. Label each answer

and show all of your work. (This question is worth 20 points.)

 Lesson 4

Service Businesses; Decision Making

Pages 118 – 124

Please apply the solution of question 2 to the balance sheet, pages 123 – 124

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more