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

question 99

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.
Calculate the standard cost for each engagement.

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Definitions:

Hoop

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An intense and irrational fear response to a particular object, situation, or activity, leading to avoidance behavior.