Answer:
$170
Explanation:
Data provided in the question:
Amount paid to the tax preparers = $44 per hour
Predetermined overhead rate for the firm = $24 per labor hour
Time required by the Jones tax return to complete = 2.5 hours
Now,
Total amount to be paid for 2.5 hours of work = $44 × 2.5
= $110
Total predetermined overhead = 2.5 × $24
= $60
Therefore,
The total cost for the job
= Total amount to be paid for 2.5 hours of work + Total predetermined overhead
= $110 + $60
= $170
