LLC Service Inc. provides professional consultancy services to third-party firms. Professional staff are paid P150 per hour, and their time is billed at P500 per The firm estimates the following total costs for the coming year: Estimated cost of professional staff P3,000,000 (20,000 hours of staff time) Estimated other costs (overhead) 4,000,000 Total estimated costs P7,000,000 ABC Corp. became a new client of the firm with job requirements of 100 hours of professional staff time. Present in a tabular format the total billing for the job.
LLC Service Inc. provides professional consultancy services to third-party firms. Professional staff are paid P150 per hour, and their time is billed at P500 per The firm estimates the following total costs for the coming year: Estimated cost of professional staff P3,000,000 (20,000 hours of staff time) Estimated other costs (overhead) 4,000,000 Total estimated costs P7,000,000 ABC Corp. became a new client of the firm with job requirements of 100 hours of professional staff time. Present in a tabular format the total billing for the job.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- LLC Service Inc. provides professional consultancy services to third-party firms. Professional staff are paid P150 per hour, and their time is billed at P500 per The firm estimates the following total costs for the coming year:
Estimated cost of professional staff |
P3,000,000 (20,000 hours of staff time) |
Estimated other costs (overhead) |
4,000,000 |
Total estimated costs |
P7,000,000 |
ABC Corp. became a new client of the firm with job requirements of 100 hours of professional staff time. Present in a tabular format the total billing for the job.
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