An Accounting and Management Consulting Firm Charge- Out Rate Is

question 7

Short Answer

An accounting and management consulting firm charge- out rate is $112 per hour. The maximum output is 214,000 hours per year. The fixed cost is $610,000 per year and the variable cost is $62 per standard service hour. What is the breakeven point in percentage of total capacity?

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Definitions:

Inter-Item

Pertaining to the relationship or correlation between different items or variables within a dataset or survey.

Validity

The extent to which a test, measure, or research study accurately represents or measures what it is intended to, ensuring the findings are truthful and applicable.

True Zero

A point on a scale which indicates the absolute absence of the quantity being measured.