Economics · Cost Accounting
A management consultancy organisation provides the following details: - Salary cost per hour for junior consultants: $40 - Salary cost per hour for senior consultants: $25 - Overhead absorption rate per hour applied to all hours: $20 The organisation adds 40% to the total cost to arrive at the final fee. Assignment 789 took 54 hours of a senior consultant's time and 110 hours of junior consultants' time. What is the final fee?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$12,642
- 2$11,466✓
- 3$10,696
- 4$6,874
Correct answer
$11,466
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