Respuesta :
The Wilmer group (wg), which offers tax guidance to multinational firms, will bill the client for $14,222.
A multinational firms is one that has activities outside of its own country. Because doing business internationally presents risk and return potential that are not present in strictly domestic commercial operations, these organizations have become more sophisticated in their international financial dealings.
A company that conducts business in at least one nation besides its own is referred to as a multinational firms. According to certain definitions, it also makes at least 25% of its money outside of the country where it was born.
A multinational firms typically has locations in several nations throughout the world, as well as a centralized headquarters that organizes global administration.
Springfield Dominion
Direct Professional Costs Support Costs Amount Billed to Client
Matthew Wilmer 8,840 2,652 11,492
Alexandra Brown 600 180 780
Jerome Abott 1,500 450 1,950
Total 14,222
Working
Matthew Wilmer (17*520) (8,840*30%)
Alexandra Brown (3*200) (600*30%
Jerome Abott (25*60) (1,500*30%)
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The complete question is
The Wilmer Group (WG) provides tax advice to multinational firms. WG charges clients for
(a) direct professional time (at an hourly rate) and
(b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows.
Professional
Billing Rate per Hour
Mark Wilmer $500
Ashley Bennet 170
John Amesbury 70
The hours of professional time spent on each client are as follows:
Hours per Client
Professional
San Antonio Dominion
Amsterdam Enterprises
Wilmer 21 3
Bennet 4 11
Amesbury 30 41
Total 55 55
1. What amounts did WG bill to San Antonio Dominion and Amsterdam Enterprises for May 2013?
2. Suppose support services were billed at $55 per professional labor-hour (instead of 30% of professional labor costs). How would this change affect the amounts WG billed to the two clients for May 2013? Comment on the differences between the amounts billed in requirements 1 and 2.
3. How would you determine whether professional labor costs or professional labor-hours is the more appropriate allocation base for WG's support services?
Check : Determine the formula needed to calculate the total cost per professional for each client when WG allocates support costs at 30% of direct professional costs.
