Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $21,230 690 research hours Meeting with clients $1,205,892 7,353 meeting hours Preparing documents $92,590 5,790 documents The activity rate for the "meeting with clients" activity cost pool is.
Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $21,230 690 research hours Meeting with clients $1,205,892 7,353 meeting hours Preparing documents $92,590 5,790 documents The activity rate for the "meeting with clients" activity cost pool is.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been
provided below:
Activity Cost Pool
Total Cost Total Activity
Researching legal issues $21,230
690 research hours
Meeting with clients
$1,205,892 7,353 meeting hours
Preparing documents
$92,590
5,790 documents
The activity rate for the "meeting with clients" activity cost pool is.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72d54691-3575-4c3c-aa0b-dfbfb77dbf51%2F4ac3cdf8-7885-4a6e-a820-6e73ea5adce4%2Fm6jkr7y_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been
provided below:
Activity Cost Pool
Total Cost Total Activity
Researching legal issues $21,230
690 research hours
Meeting with clients
$1,205,892 7,353 meeting hours
Preparing documents
$92,590
5,790 documents
The activity rate for the "meeting with clients" activity cost pool is.
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