Accounting 21 Data concerning three of the activity cost pools of SalcidoLLC, a legal firm, have been provided below:Total Cost Total ActivityResearching legal issues $25,030 720 research hoursActivity Cost PoolMeeting with clientsPreparing documentspool is$1,653,027 8,391 meeting hours$97,3906,910 documentsThe activity rate for the "meeting with clients" activity cost

Concept of Activity Cost Pools:Activity cost pools are categories that group costs based on…

Answered: Data concerning three of the activity…

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter9: Operating Activities

Section: Chapter Questions

Problem 16PC

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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.
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Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Total Activity 740 research hours 7,453 meeting hours 5,840 documents Activity Cost Pool Researching legal issues Meeting with clients Preparing documents. The activity rate for the "meeting with clients activity cost pool is closest to: Multiple Choice $95 per meeting hour $74 per meeting hour $169 per meeting hour O $1,259,557 per meeting hour Total Cost $ 21,980 $ 1,259,557 $ 93,340
Salvatore LLC provides a wide variety of legal services and uses an activity-based costing system. Data from its activity-based costing system for all services follows: Activity cost pool Total cost Total activity Research $173,200 6200 Hours of paralegal time Client meetings $345,300 3900 Number of meeting hours Court filing fees $303,500 1600 Number of cases Document preparation $145,600 4900 Number of documents The cost pool activity rate for client meetings is Question 17 options: $88.54 per meeting hour. $7.08 per meeting hour. $58.29 per meeting hour. $27.94 per meeting hour.
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Concord, Reiser, and Associates, a law firm, employs ABC. The following Estimated data for each of the activity cost pools is provided for 2022: Activity Cost Pools Researching legal issues Preparing legal documents Meeting with clients Estimated Use of Cost Drivers per Activity $ 49,680 1,080 research hours 32,700 8,980 professional hours Estimated Overhead 555,900 1,778,040 pages During 2022, the firm worked 840 research hours, 10,180 professional hours, and prepared 26,800 document pages. Compute the total overhead applied during the year 2022. Enter your value without a dollar sign.
! Required information Sunrise Accounting provides basic tax services and "rent-a-controller" accounting services. Sunrise has identified three activity pools, the related costs per pool, the cost driver for each pool, and the expected use for each pool. Activity Transportation costs Electronic processing Office support Transportation costs Electronic processing Office support Total Overhead $ Total Activity Cost $50,000 Mileage 75,000 Processing hours 20,000 $ Cost Driver Using activity proportions, determine the amount of overhead assigned to Controller Services. (Do not round intermediate calculations.) 25 75 12 112 Administrative hours Expected Tax Services Usage 5,000 miles 20,000 hours 3,500 hours Expected Controller Services Usage 35,000 miles 30,000 hours 1,500 hours
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Please assist with Req C (Reciprocal Method) Please be as detailed as possible when showing work.
Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department. The following data appear in the company records for the current period: \table[[,IT,HR,Publishing,Binding],[,0,1,550,2,480,2,170],[IT tickets,16,0,24,40],[\table[[Employees],[Department direct costs]],$154,000,$248,400,$432,000,$395,000

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