As a Service to the Public, the Accounting Department at a Major

question 92

Essay

As a service to the public, the accounting department at a major university provides speakers for budgeting seminars at functions such as club meetings, couples' retreats, and at several local half-way houses and women's shelters.Speakers, who hold doctorate degrees in accounting, are paid by the college of business an hourly rate of $75 plus fringe benefits estimated at 30% of their hourly rate.Since all speaking engagements are in the local area, speakers are paid 10% of their hourly rate for transportation costs.Speakers are paid for their speaking time plus their travel and preparation time.The standard time estimated for each speaking engagement is 1 hour and 30 minutes.
Required:
Calculate the standard cost for each engagement.

---

Definitions:

Appetite-Enhancing Center

A region in the brain, often associated with the hypothalamus, that stimulates the desire to eat.

Hormone

A chemical substance produced in the body that controls and regulates the activity of certain cells or organs.

PYY

A hormone, short for Peptide YY, produced in the gut in response to eating and is associated with reducing appetite and inhibiting food intake.

Leptin

A hormone produced by fat cells that is involved in the regulation of appetite and metabolism, often affecting feelings of satiety and hunger.