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Sinclair and Reid an accounting firm has budgeted 200 000 in fixed expenses per month for the tax department It has also budgeted variable costs of 10 per tax return prepared for supplies

Sinclair and Reid, an accounting firm, has budgeted $200 000 in fixed expenses per month for the tax department. It has also budgeted variable costs of $10 per tax return prepared for supplies, $70 per return for labour, and $20 per return for computer time. The firm expects revenue from tax return preparation to be $600 000, based on 4000 tax returns at $300 each. During the current month, 3700 tax returns were actually prepared, at an average fee of $294 each. Actual variable costs were $18 200 for supplies, $130 000 for labour, and $36 000 for computer time. Actual fixed costs were $200 000

Mar 15 2020 View more View Less

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