ActivityClerical supportFacility servicesClient consultationsActivity usage for each service follows.Activity Cost DriverDocumentsBillable hoursCourt datesBudgetedCostRequired 1 Required 2$ 57,60020,16072,800ActivityClerical supportFacility servicesClient consultationsBudgeted Activity Usage360 documents2,520 billable hours28 court datesActivity UsageLitigation21092020Mediation1501,6008Required:1. Compute an activity rate for each activity using activity-based costing.2. Compute overhead cost per unit (case) for both litigation and mediation using activity-basedTotal3602,52028Complete this question by entering your answers in the tabs below.Compute an activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 cBudgeted CostBudgeted Activity UsageActivity Rate

Under Activity Based Costing, Activity rates are calculated for each Overhead cost pool. Such…

Budgeted Cost Activity $ 57,600 Clerical support Facility services Client consultations 20, 160 72,800 Activity usage for each service follows. Activity Cost Driver Documents Billable hours Court dates Budgeted Activity Usage 360 documents 2,520 billable hours 28 court dates Activity Usage Litigation 210 920 20 Mediation 150 1,600 8 Total 360 2,520 28

Budgeted Cost Activity $ 57,600 Clerical support Facility services Client consultations 20, 160 72,800 Activity usage for each service follows. Activity Cost Driver Documents Billable hours Court dates Budgeted Activity Usage 360 documents 2,520 billable hours 28 court dates Activity Usage Litigation 210 920 20 Mediation 150 1,600 8 Total 360 2,520 28

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Using the following information, determine the activity rate for purchase order activity. Activity Budgeted Activity Cost Pool Estimated Activity Base Setups $60,000 1,000 Purchase orders 100,000 10,000 Quality inspections 40,000 2,000
Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Annual Cost Department Admissions Registrar Computer Services $130, 000 221,000 468,000 Planned Courses Budgeted Budgeted Credit Hours Requiring Computer Work Division Enrollment Liberal Arts Sciences 2,300 43,000 37,750 31,750 25 1,450 37 Business Administration 1,350 37 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prev 1 of 7 Next > hulu
Product Costs using Activity Rates Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost of the sales order processing activity is $121,100, and 17,300 orders are estimated to be processed. a. Determine the activity rate of the sales order processing activity.$ per sales order b. Determine the amount of sales order processing cost that Nozama.com would receive if it had 9,900 sales orders.$
What is the answer to the question I uploaded
Please help me with all answers
Professional Fees Earned Budget Day & Spieth, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending March 31, 20Y6: Billable Hours Audit Department: Staff 28,100 Partners 4,200 Tax Department: Staff 21,100 Partners 2,600 Small Business Accounting Department: Staff 3,900 Partners 500 The average billing rate for staff is $110 per hour, and the average billing rate for partners is $230 per hour. Prepare a professional fees earned budget for Day & Spieth, CPAs, for the year ending March 31, 20Y6. DAY & SPIETH, CPAs Professional Fees Earned Budget For the Year Ending March 31, 20Y6 Billable Hours Hourly Rate Total Revenue Audit Department: Staff $ $ Partners Total $ Tax Department: Staff $ $ Partners Total $…
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Professional Labor Cost Budget Day & Spieth, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending March 31, 20Y6: Billable Hours Audit Department: Staff 28,200 Partners 4,200 Tax Department: Staff 20,600 Partners 2,600 Small Business Accounting Department: Staff 3,400 Partners 500 Assume that the average compensation per hour for staff is $65 and for partners is $160. Prepare a professional labor cost budget for Day & Spieth, CPAs, for the year ending March 31, 20Y6. Enter all amounts as positive numbers. DAY & SPIETH, CPAs Professional Labor Cost Budget For the Year Ending March 31, 20Y6 Staff Partners Audit Department Hours fill in the blank 1 fill in the blank 2 Tax Department Hours fill in the blank 3 fill in the blank 4 Small Business Accounting…
What formulas to use to solve?
Saved antcring overhead s budgeted to be $33,000 plus $6 per unit produced. What Is budgeted manufacturing overhead for AuguUst? 32 Sylerh tas brecast production for the next three months as follows: July 6,500 units, August 8,200 units, September 9,100 units. Monthly Mutole Choice S82.200 $I2.000 $9.200 SE7500