Abba Accounting Expects Its Accountants to Work a Total of 24,000

question 30

Multiple Choice

Abba Accounting expects its accountants to work a total of 24,000 direct labor hours per year. Abba's estimated total indirect costs are $240,000. The direct labor rate is $75 per hour. If Abba does a job requiring 40 hours of direct labor, what is the total job cost?

• A) $7,000
• B) $400
• C) $3,400
• D) $3,000

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Definitions:

Brokerage Firm

A financial institution that facilitates the buying and selling of financial securities between a buyer and a seller.

Online Banking Services

Financial services provided by banks over the internet, allowing customers to conduct transactions such as transferring money, paying bills, and checking account balances remotely.