Roiann and Dennett Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs...
Roiann and Dennett Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2014:
Budget Actual
Indirect costs $270,000 $300,000
Annual salary per attorney $100,000 $110,000
Annual salary per paraprofessional $ 29,000 $ 30,000
Total professional labor-hours 50,000 dlh 60,000 dlh
What would be the total costs in a normal costing system if 200 professional labor-hours are used?
Homework Answers
Add Answer to:
Roiann and Dennett Law Office employs 12 full-time attorneys and
10 paraprofessionals. Direct and indirect costs...
Francis and Hartley Law Office employs 12 full−time attorneys and 10 paraprofessionals. Direct and indirect costs...
Francis and Hartley Law Office employs 12 full−time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor−hour basis that includes both attorney and paraprofessional hours. Following is information for 2018: Budget Actual Indirect costs $320,000 $330,000 Annual salary of each attorney $120,000 $130,000 Annual salary of each paraprofessional $35,000 $36,000 Total professional labor−hours 40,000 dlh 50,000 dlh How much should the client be billed in an actual costing system if 150 professional labor−hours are used?...
Financial Planning Partners Inc., employs 12 full−time CPAs and 10 paraprofessionals. Direct and indirect costs are...
Financial Planning Partners Inc., employs 12 full−time CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor−hour basis that includes both attorney and paraprofessional hours. Following is information for 2018: Budget Actual Indirect costs $270,000 $295,000 Annual salary of each attorney $106,000 $116,000 Annual salary of each paraprofessional $34,500 $35,500 Total professional labor−hours 50,000 dlh 60,000 dlh When using a normal costing system, year−endaccounting records will show that indirect costs are ________. A.within budget B.underallocated C.perfectly...
QUESTION 11 Legal Advisory Inc., employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirec information...
QUESTION 11 Legal Advisory Inc., employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirec information for 2014: Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor-hours Budget $300,000 $100,000 $30,000 60,000 dlh Actual $304,000 $110,000 $31,000 70,000 dlh When using a normal costing system, year-end accounting records will show that indirect costs overallocated underallocated perfectly allocated within budget QUESTION 12 ing uses a ormal cost system and had the following data available for...
Financial Planning Partners Inc., employs 12 full-time CPAs and 10 paraprofessionals. Direct and indirect costs are...
Financial Planning Partners Inc., employs 12 full-time CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2018: Budget $300,000 Actual $309,000 $118,000 $128.000 Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor- hours $31,500 $32,500 50,000 dlh 56,000 din When using a normal costing system, year-end accounting records will show that indirect costs are Select one: A....
L & L, CPAs, employs two full-time professional CPAs and five support employees. Budgeted direct salary...
L & L, CPAs, employs two full-time professional CPAs and five support employees. Budgeted direct salary costs include $160,000 for each CPA. The support employees are considered as indirect costs, and this cost was budgeted for $221,000 although the actual cost was $246,000. Actual salaries were $144,000 for each CPA. Direct and indirect costs are applied on a CPA-labor-hour basis. Total budgeted CPA-labor-hours were 4,000. If a client used 600 labor-hours, what are the budgeted direct-cost rate and the budgeted...
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs....
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs. Budgeted indirect costs are $809,200 and actual indirect costs were $798,000. Budgeted professional labor-hours are 1,190,000 and actual hours were 1,326,000. What is the budgeted direct cost - allocation rate? (Round the final answer to the nearest cent.) O A. $1.35 per hour B. $1.40 per hour C. $1.56 per hour OD. $0.68 per hour
QUESTION 18 Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct...
QUESTION 18 Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct costs. Budgeted indirect costs are $375,000 and actual indirect costs were $396,900. Budgeted professional labor-hours are 500,000 and actual hours were 504,000. What is the budgeted direct cost-allocation rate? $1.80 per hour $1.7857 per hour $0.75 per hour $1.05 per hour
just having trouble with the formula thanks salary of $152,000. The law firm expects her to...
just having trouble with the formula
thanks
salary of $152,000. The law firm expects her to spend 1,900 hours a year on attorney billing hours. Fimm attorneys are expected to work a total of 20,000 direct e total indirect costs for the upcoming year will be $600,000. direct labor cost Johnson Associates, a law firm, hires Aitor Annual salary performing legal work for clients. Indirect Baling hours labor hours this year. Before the fiscal yea Direct labor Read the requirements....
A local accounting firm employs 24 full-time professionals. The budgeted annual compensation per employee is $45,000....
A local accounting firm employs 24 full-time professionals. The budgeted annual compensation per employee is $45,000. The average chargeable time is 420 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis. Other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are $790,000, and the firm expects to have 90 clients during the coming year....
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27...
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27 professional deaners Budgeted costs total 51.831 500 of which 51 609 500 is de labor-hours are 1.110,000 and actual hours were 1465,200. What is the budget direct cost-allocation rate? O A 5165 per hour O B. $125 per hour OC 50.79 per hour OD 51.45 per hour
QUESTION 11 Legal Advisory Inc., employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirec information for 2014: Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor-hours Budget $300,000 $100,000 $30,000 60,000 dlh Actual $304,000 $110,000 $31,000 70,000 dlh When using a normal costing system, year-end accounting records will show that indirect costs overallocated underallocated perfectly allocated within budget QUESTION 12 ing uses a ormal cost system and had the following data available for...
Financial Planning Partners Inc., employs 12 full-time CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2018: Budget $300,000 Actual $309,000 $118,000 $128.000 Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor- hours $31,500 $32,500 50,000 dlh 56,000 din When using a normal costing system, year-end accounting records will show that indirect costs are Select one: A....
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs. Budgeted indirect costs are $809,200 and actual indirect costs were $798,000. Budgeted professional labor-hours are 1,190,000 and actual hours were 1,326,000. What is the budgeted direct cost - allocation rate? (Round the final answer to the nearest cent.) O A. $1.35 per hour B. $1.40 per hour C. $1.56 per hour OD. $0.68 per hour
QUESTION 18 Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct costs. Budgeted indirect costs are $375,000 and actual indirect costs were $396,900. Budgeted professional labor-hours are 500,000 and actual hours were 504,000. What is the budgeted direct cost-allocation rate? $1.80 per hour $1.7857 per hour $0.75 per hour $1.05 per hour
just having trouble with the formula
thanks
salary of $152,000. The law firm expects her to spend 1,900 hours a year on attorney billing hours. Fimm attorneys are expected to work a total of 20,000 direct e total indirect costs for the upcoming year will be $600,000. direct labor cost Johnson Associates, a law firm, hires Aitor Annual salary performing legal work for clients. Indirect Baling hours labor hours this year. Before the fiscal yea Direct labor Read the requirements....
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27 professional deaners Budgeted costs total 51.831 500 of which 51 609 500 is de labor-hours are 1.110,000 and actual hours were 1465,200. What is the budget direct cost-allocation rate? O A 5165 per hour O B. $125 per hour OC 50.79 per hour OD 51.45 per hour
Most questions answered within 3 hours.
-
An infinite sheet of charge that has a surface charge density of
39 nC/m2 lies in...
asked 18 minutes ago -
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 1 hour ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 1 hour ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 1 hour ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 2 hours ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 2 hours ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 2 hours ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 2 hours ago