Business, 23.07.2020 05:01 KeidrienneB1
The Wilmer Group (WG) provides tax advice to multinational firms. WG charges clients for
(a) direct professional time (at an hourly rate) and
(b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows.
Professional
Billing Rate per Hour
Mark Wilmer
$500
Ashley Bennet
170
John Amesbury
70
The hours of professional time spent on each client are as follows:
Hours per Client
Professional
San Antonio Dominion
Amsterdam Enterprises
Wilmer
21
3
Bennet
4
11
Amesbury
30
41
Total
55
55
1. What amounts did WG bill to San Antonio Dominion and Amsterdam Enterprises for May 2013?
2. Suppose support services were billed at $55 per professional labor-hour (instead of 30% of professional labor costs). How would this change affect the amounts WG billed to the two clients for May 2013? Comment on the differences between the amounts billed in requirements 1 and 2.
3. How would you determine whether professional labor costs or professional labor-hours is the more appropriate allocation base for WG's support services?
Check : Determine the formula needed to calculate the total cost per professional for each client when WG allocates support costs at 30% of direct professional costs.
Answers: 2
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The Wilmer Group (WG) provides tax advice to multinational firms. WG charges clients for
(a) direct...
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