Turco Consulting is providing consulting services to a client. For this consulting assignment, Turco used $500 in supplies and 175 hours of consulting time. Turco charges clients $200 per hour and pays its consultants $115 per hour. Turco assigns overhead to jobs based on a rate of $50 per labor hour. The overhead assigned to this consulting service is:

Question

Quizplus · Accepted Answer

The overhead assigned is calculated by multiplying the overhead rate per labor hour ($50) by the number of hours worked (175). Therefore, the overhead assigned is 175 hours * $50/hour = $8,750.

Turco Consulting Is Providing Consulting Services to a Client