Bromide Partners provides three services: accounting, audit and tax. The total business overheads of €650,000 have been divided into two groups:
|
Partners |
€200,000 |
|
Juniors |
€450,000 |
Partner hours are a measure of complexity and junior hours define the duration of the work. The hours spent by each type of staff are:
|
Accounting |
Audit |
Tax |
Total |
|
|
Partner hours |
150 |
250 |
400 |
800 |
|
Junior hours |
1,200 |
2,800 |
1,000 |
5,000 |
Calculate the total cost of providing audit services.