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STAFF CHARGES OF ACCOUNTANT FIRM

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › STAFF CHARGES OF ACCOUNTANT FIRM

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 13, 2022 at 4:28 pm #658658
    syedfahad1
    Participant
    • Topics: 16
    • Replies: 11
    • ☆

    A Firm of Accountant charges its client at an hourly rate. Senior staff is charged twice the ratio of junior staff. In a period the total amount to be charged to clients was $102,340 and the chargeable staff hours were

    SENIOR STAFF: 440 HOURS
    JUNIOR STAFF: 1260 HOURS
    what is the hourly rate to be charged to clients for SENIOR staff time?

    1) $60
    2) $48
    3) $120
    4) $96

    I had tried to solve the answer and found that the correct answer is $96, but I am not sure about it that I am right or wrong.
    ($48 x 1260) + ($96 x 440) = $102720 which is nearest to $102340.
    Kindly let me know that I am correct or not ?

    One more thing is that I am not using any ACCA Approved book, this are just questions without having the answers. We have to solve it by our self.
    Many thanks

    June 14, 2022 at 7:21 am #658682
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54671
    • ☆☆☆☆☆

    If someone is asking you to solve questions by yourself, then presumably you have been given it as a test question. In which case you will presumably have been taught the topic and will be given an answer when you have attempted it yourself.

    We do not provide a homework answering service!!

    (It does seem that you are answer is correct.)

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘STAFF CHARGES OF ACCOUNTANT FIRM’ is closed to new replies.

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