The engineering firm of Timothy & Greene uses a job costing system to accumulate client-related costs. The indirect cost allocation rate is 70% of direct labour cost. Staff engineer time is charged at a rate of $60 per labour hour. A recent job for a client involved 25 staff labour hours by staff engineers.
Compute the cost of the job.

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The Answer of The engineering firm of Timothy & Greene uses a job costing system to accumulate client-related costs. The indirect cost allocation rate is 70% of direct labour cost. Staff engineer time is charged at a rate of $60 per labour hour. A recent job for a client involved 25 staff labour hours by staff engineers.
Compute the cost of the job.

The Engineering Firm of Timothy & Greene Uses a Job