Fogelin Promotional Services Uses a Job Order System for Costing

question 15

Multiple Choice

Fogelin Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances.Fogelin has 6 public relations specialists,plus an office staff.At the beginning of 2017,Fogelin estimated the total cost of salaries and benefits for the public relations specialists at $686,800 and a total of 7600 billable hours for the year.All remaining office and administrative costs were estimated at $456,000.The allocation base for office and administrative costs is billable hours.
In June,Fogelin signed a contract for a Russian ballet performance.It estimated it would require 40 hours of specialist time.What is the total cost estimate for this contract?

• A) $2400
• B) $6015
• C) $5775
• D) $3615

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Definitions:

Universal

Pertaining to or involving all members of a class or category without exception, often used in the context of universal principles or statement in logic.

Categorical Proposition

A statement relating two categories or classes in a specific way, typically structured as assertions about all, some, or no members of these categories.

Copula

A verb of being (“is,” “are,” etc.) that links the subject and the predicate in a categorical proposition.

Logical Components

Fundamental elements that contribute to the structure and reasoning within logic, such as premises and conclusions.