John Wants to Identify the Total Cost for Computing the Corporate

question 34

Multiple Choice

John wants to identify the total cost for computing the corporate tax return he prepared for his client.Labour is the only direct cost at $50 per hour.Indirect costs are $60 per labour hour.What is the total direct cost, indirect cost, and job cost, respectively, if 15 hours are spent preparing the tax return?

• A)$700, $850, $1,550
• B)$750, $800, $1,550
• C)$750, $900, $1,650
• D)$800, $640, $1,440
• E)$800, $900, $1,440

Recognize the importance and components of SWOT analysis in HR planning.

Identify the critical role of strategic human resource management (SHRM) in aligning HR practices with overall business strategy.

Comprehend the use and significance of HR metrics and dashboards in effective HR management.

Distinguish between qualitative and quantitative approaches to demand forecasting in HR.

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Definitions:

Warranty Obligations

A company's legal responsibility to repair or replace defective products within a specified period.

Warranty Expense

It represents the cost associated with the repair or replacement of defective products under warranty.

Journal Entry

A record in the accounting journal that consists of a debit and credit entry and describes a business transaction.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated by dividing current assets by current liabilities.