Fogelin Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances.Fogelin has 4 public relations specialists,plus an office staff.At the beginning of 2014,Fogelin estimated the total cost of salaries and benefits for the public relations specialists at $403,200,and a total of 7,200 billable hours for the year.The office and administrative costs were estimated at $676,800.The allocation base for office and administrative costs is billable hours.In June,Fogelin signed a contract for a Russian ballet performance.It negotiated a price of $6,400 for their services.When the job was complete,Fogelin's records showed that it had logged 36.5 billable hours.What was the amount of gross profit that Fogelin made on the job?

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The Answer of Fogelin Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances.Fogelin has 4 public relations specialists,plus an office staff.At the beginning of 2014,Fogelin estimated the total cost of salaries and benefits for the public relations specialists at $403,200,and a total of 7,200 billable hours for the year.The office and administrative costs were estimated at $676,800.The allocation base for office and administrative costs is billable hours.In June,Fogelin signed a contract for a Russian ballet performance.It negotiated a price of $6,400 for their services.When the job was complete,Fogelin's records showed that it had logged 36.5 billable hours.What was the amount of gross profit that Fogelin made on the job?

Fogelin Promotional Services Uses a Job Order System for Costing