Homework Answers
It is given in the question that the indirect costs are allocated on the basis of attorney billing hours
Hence, the formula is
Total estimated indirect costs/Total expected hours = Hourly rate
600,000/20,000 = $30 per hour
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just having trouble with the formula
thanks
salary of $152,000. The law firm expects her to...
Just need help with this formula thanks annual salary of $152,000. The law firm expects her...
Just need help with this formula
thanks
annual salary of $152,000. The law firm expects her to spend 1,900 hours a year based on attorney billing hours, Firm attomeys are expected to work a total of 20.000 direc that the total indirect costs for the upcoming year will be $600,000 Johnson Associates, a law firm, hiresi performing legal work for clients. Inain Aruallary labor hours this year. Before the fiscal Billing hours Read the requirements Direct labor Bry Hourly rate...
Holman Associates, a law firm, hires Attorney Lucy Jodoin at an annual salary of $133,000. The...
Holman Associates, a law firm, hires Attorney Lucy Jodoin at an annual salary of $133,000. The law firm expects her to spend 1,900 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney billing hours. Firm attorneys are expected to work a total of 22,000 direct labor hours this year. Before the fiscal year begins, Holman estimates that the total indirect costs for the upcoming year will be $880,000. Read the requirements 1....
S3-14 (similar to) EQuestion Help Foley Associates, a law firm, hires Attorney Wanda Hampton at an...
S3-14 (similar to) EQuestion Help Foley Associates, a law firm, hires Attorney Wanda Hampton at an annual salary of $110,500. The law firm expects her to spend 1,700 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney billing hours. Firm attorneys are expected to work a total of 26,000 direct labor hours this year. Before the fiscal year begins, Foley estimates that the total indirect costs for the upcoming year will be...
Nooney is a new sta accountant at Browncroft & Associates. She is paid a salary of...
Nooney is a new sta accountant at Browncroft & Associates. She is paid a salary of $57.500 per year and is expected to work Ver on chen Them 's indirect cost allocation rate is $24 per hour. The firm would like to achieve a prontequal to 25% of 1 Convert Brianna's salary to an hourly wage rate for billing purposes. calculate the professional bitling rate Browncroft & Associates would use for billing out Brianna's services Calculate the professional billing rate...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2011 is $119,000. Each professional is budgeted to have 1.750 billable hours to clients in 2011. All professionals work for clients to their maximum 1.750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2017 is $119,000. Each professional is budgeted to have 1,750 billable hours to clients in 2017. All professionals work for clients to their maximum 1,750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
S3-5 (similar to) Question Help Jeanette Alanis a wall accountant at Browncroft & Associates. She is...
S3-5 (similar to) Question Help Jeanette Alanis a wall accountant at Browncroft & Associates. She is paid a salary of $65,000 per year and is expected to work 2.500 hours per year on client jobs. There indirect cost allocation rate is $22 per hour. The would achieve a profit equal to 35% of cost. 1 Convert Jeanette's salary to an hourly wage rate for billing purposes. 2 Calculate the professional biling rate Brown.croh & Associates would use for billing out...
Kidman & Associates is a law firm specializing in labor relations and employee related work. It...
Kidman & Associates is a law firm specializing in labor relations and employee related work. It employs 30 professionals 5 partners and 25 associates who work directly with its clients Previously the firm accounted for all professional labor cost in a single direct cost account and all other costs in a single indirect-cost pool Click the icon to view the cost information and res under the previous method) Kidman has just completed a review of its job-costing system (Click the...
Keaton & Associates is a law firm specializing in labor relations and employee-related work. It employs...
Keaton & Associates is a law firm specializing in labor relations and employee-related work. It employs 2525 professionals (55 partners and 2020 associates) who work directly with its clients. The average budgeted total compensation per professional for 2017 is $ 117 000. Each professional is budgeted to have 1800 billable hours to clients in 2017. All professionals work for clients to their maximum 1 800 billable hours available. All professional labor costs are included in a single direct-cost category and...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 30 professionals (5 partners and 25 associates) who work directly with its clients. The average budgeted total compensation per professional for 2017 is $97,500. Each professional is budgeted to have 1,500 billable hours to clients in 2017. All professionals work for clients to their maximum 1,500 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
Just need help with this formula
thanks
annual salary of $152,000. The law firm expects her to spend 1,900 hours a year based on attorney billing hours, Firm attomeys are expected to work a total of 20.000 direc that the total indirect costs for the upcoming year will be $600,000 Johnson Associates, a law firm, hiresi performing legal work for clients. Inain Aruallary labor hours this year. Before the fiscal Billing hours Read the requirements Direct labor Bry Hourly rate...
Holman Associates, a law firm, hires Attorney Lucy Jodoin at an annual salary of $133,000. The law firm expects her to spend 1,900 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney billing hours. Firm attorneys are expected to work a total of 22,000 direct labor hours this year. Before the fiscal year begins, Holman estimates that the total indirect costs for the upcoming year will be $880,000. Read the requirements 1....
S3-14 (similar to) EQuestion Help Foley Associates, a law firm, hires Attorney Wanda Hampton at an annual salary of $110,500. The law firm expects her to spend 1,700 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney billing hours. Firm attorneys are expected to work a total of 26,000 direct labor hours this year. Before the fiscal year begins, Foley estimates that the total indirect costs for the upcoming year will be...
Nooney is a new sta accountant at Browncroft & Associates. She is paid a salary of $57.500 per year and is expected to work Ver on chen Them 's indirect cost allocation rate is $24 per hour. The firm would like to achieve a prontequal to 25% of 1 Convert Brianna's salary to an hourly wage rate for billing purposes. calculate the professional bitling rate Browncroft & Associates would use for billing out Brianna's services Calculate the professional billing rate...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2011 is $119,000. Each professional is budgeted to have 1.750 billable hours to clients in 2011. All professionals work for clients to their maximum 1.750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professionals (10 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2017 is $119,000. Each professional is budgeted to have 1,750 billable hours to clients in 2017. All professionals work for clients to their maximum 1,750 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to...
S3-5 (similar to) Question Help Jeanette Alanis a wall accountant at Browncroft & Associates. She is paid a salary of $65,000 per year and is expected to work 2.500 hours per year on client jobs. There indirect cost allocation rate is $22 per hour. The would achieve a profit equal to 35% of cost. 1 Convert Jeanette's salary to an hourly wage rate for billing purposes. 2 Calculate the professional biling rate Brown.croh & Associates would use for billing out...
Kidman & Associates is a law firm specializing in labor relations and employee related work. It employs 30 professionals 5 partners and 25 associates who work directly with its clients Previously the firm accounted for all professional labor cost in a single direct cost account and all other costs in a single indirect-cost pool Click the icon to view the cost information and res under the previous method) Kidman has just completed a review of its job-costing system (Click the...
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