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Wardlaw Company, ( It is the same company!) a mid-sizedengineering...

Wardlaw Company, ( It is the same company!) a mid-sizedengineering firm operates in mid-town Toronto from a suiteof offices on the fifth floor of a high-rise office building .

All professional personnel - Engineers, Computer Specialists,Surveyors, Managerial/Tax Accountants, Sales and Adminpersonnel are on fixed salary - Annual Payroll, all fixed .

Fixed Costs:

Rent: 10,000 Sq Meters $ 8,250,000

Salaries all fixed: 30,000,000

Engineering/Survey Equipment 1,250,000

Marketing - Professional/Industry journals 750,000

Computers - Hardware 8,750,000

Annual Variable Costs include:

Marketing/Travel - Client focused $1,300,000

Blueprinting/Design- Job Specific $2,450,000

Other Supplies $1,250,000

Software $1,285,000

FixedCosts:

Rent:10,000SqMeters$8,250,000

Salariesallfixed:30,000,000

Engineering/Survey

Equipment1,250,000

Marketing-Professional/Industryjournals750,000

Computers-Hardware8,750,000

Annual Variable Costs include:

Marketing/Travel- Clientfocused$1,300,000

Blueprinting/Design-JobSpecific$2,450,000OtherSupplies$1,250,000

Software 1,285,000

Wardlaw has hired your managerial accounting firm to design a Project Management System.

Required:

Suggest methods for charging both fixed and Variable costs. Your answer must address - Cost behavior:

Cost drivers
Direct Costs
Indirect Costs
Client Profile - Large vs small
Client focused charges
Distance/mileage charges

Non-financial:

Identify Non-financial issues to be considered

Business Accounting Managerial Accounting

Answer & Explanation

Solved by verified expert

Answered by Zai0408 on coursehero.com

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