Compute the amount of the invoice to be presented to LUCELE
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The Allianz group provides consulting services to a number of Caribbean countries in the area of renewable energy. To determine the cost of each consulting engagement, The Allianz group uses a job order system. Costs incurred by the group on projects that are not identifiable with specific clients, are charged to jobs via a predetermined overhead rate (15 %). Clients pay the Allianz group within 30 days of the date of the Invoice. The Allianz group’s standard markup is 20%.
In December 2020, The Allianz group completed a project for the St Lucia Power Company (LUCELEC). The following costs were incurred by Allianz in completing the project for LUCELEC. Consulting Staff $4,500,000, Office Staff 300,000, Travel to/from St Lucia 100,000 and Other office costs 100,000.
Required
- Compute the amount of the invoice to be presented to LUCELE
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- A&R Quality Advisors is a small consulting firm offering quality audits and advising services to small and mid-sized manufacturing firms. Quality audits entail reviewing, checking, and documenting quality practices within a firm. Quality advising entails making recommendations for new or revised quality practices. Other firms in the area offer one or both of these services, although the competition for quality audit jobs is stronger than for quality advising. In addition to senior executives, A&R employees are either staff or managers. Staff employees are usually younger with less experience. Managers, who oversee the staff on jobs, are more experienced. The average hourly wage is $60 for staff and $150 for managers. (Both staff and managers are paid an annual salary; these hourly costs are based on 2,000 average annual hours worked.) Staff are expected to spend at least 90 percent of their time on billable work. Because of administrative work associated with supervising the staff and…Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates’ payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions: payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. Tan considers this suggestion, and she lists the following items relating to outsourcing payroll accounting: a. The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. b. Duck Associates’ bookkeeper would spend half her time preparing the weekly payroll input form that is…Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates' payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions—payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. Tan considers this suggestion, and she lists the following items relating to outsourcing payroll accounting: The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. Duck Associates' bookkeeper would spend half her time preparing the weekly payroll input form that is given to the…
- Public relations specialists create and maintain a favorable public image for the organization they represent. They design media releases to shape public perception of their organization and to increase awareness of its work and goals. The median annual wage for public relations specialists was $55,680 in May 2014. SOURCE: United States. Department of Labor. "Public Relations Specialist." Occupational Outlook Handbook. 17 Dec. 2015. Web. 8 March 2016. A public relations specialist earns $69,500 salary each year. He/she wants to spend no more than three times his/her salary on a house. What is the maximum price of a home that he/she can afford? $ If a 10% down payment is required, what is the amount financed? If he/she buys a home for the maximum he/she can afford, what is the monthly mortgage payment for a 25 year fixed interest loan at 3.6% compounded monthly?> Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates's payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions-payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. meniups/l Tan considers this suggestion, and she lists the following items relating to out- sourcing payroll accounting: a. The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. b. uck Associates's bookkeeper would spend half her time preparing the weekly payroll input form that…Public relations specialists create and maintain a favorable public image for the organization they represent. They design media releases to shape public perception of their organization and to increase awareness of its work and goals. The median annual wage for public relations specialists was $55,680 in May 2014.SOURCE: United States. Department of Labor. "Public Relations Specialist." Occupational Outlook Handbook. 17 Dec. 2015. Web. 8 March 2016. A public relations specialist earns $35,500 salary each year. He/she wants to spend no more than three times his/her salary on a house. What is the maximum price of a home that he/she can afford? If a 20% down payment is required, what is the amount financed? If he/she buys a home for the maximum he/she can afford, what is the monthly mortgage payment for a 25 year fixed interest loan at 3.15% compounded monthly?
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- You have recently been appointed an apprentice, your manager has given you the followingscenario to review and provide advice to the client.Rajah is a UK resident with different sources of income. He works part-time as an IT consultant fora small number of clients, on a project management basis. A separate contract is drawn up foreach project, specifying the deadline, expected output and the fee to be paid. Rajah uses his ownlaptop when necessary and works from home most of the time.Rajah also works two days a week for a nearby local hospital. He is given an office at the hospital,where he is required to be present between 8 a.m. and 6 p.m. In addition, the hospital provides 10fully paid days off in the year and allows Rajah to invoice the hospital for the days even when he issick.Rajah’s wife Amandeep is a hygienist working in the local dentist's practice. Amandeep joined thepractice on 6 July 2022. Her gross pay for the year is £59,080 and income tax of £17,950 wasdeducted via…Smithson Electric provides residential and business electric... [The following information applies to the questions displayed below.] Smithson Electric provides residential and business electric repair services. While direct labor and materials costs are traced to individual customers, administrative labor and transportation costs are considered overhead and applied as a percentage of direct labor costs. At the beginning of the year, Smithson estimates $10,000 of overhead costs and $50,000 of direct labor costs. Actual costs for the year are $12,000 for overhead and $48,000 for direct labor. Ending balances for WIP Inventory, Finished Goods Inventory, and Cost of Goods Sold are $4,000, $15,000, and $141,000 respectively. PR 4-5 (Static) Questions a-c. Answer the following questions based on the details provided. Question a. What is Smithson's predetermined overhead rate as a percentage of direct labor? Note: Round your answer to the nearest percent. b. The Jackson account accumulated…Donovan Ramsey, the Chief Financial Officer of LevelUp Business Consulting, has advised you that the company is considering closing its Calgary, Alberta office and transitioning the staff of that location to permanent work from home employees. The employees home offices would not be considered a permanent establishment of the employer. Eight staff members currently report to the Alberta office, and the total payroll is $775,000.00. The organization’s head office and payroll department are in Mississauga, Ontario. The current Ontario payroll is $4,750,000.00. You have been asked to prepare an analysis showing how closing this permanent establishment in Alberta will impact the employee’s coverage for provincial healthcare and the organization’s payroll expense for provincial health taxes.
