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

See similar textbooks

Similar questions

Need Help please
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.
Want Answer
provide answer with explantion
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
Answer?
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.
s
! 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
QUESTION: 62 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 PREPARING DOCUMENTS $1,205,892 7,353 MEETING HOURS $92,590 5,790 DOCUMENTS THE ACTIVITY RATE FOR THE "MEETING WITH CLIENTS" ACTIVITY COST POOL IS
D
Activity Bases for Service Department Charges For each of the following service departments, select the activity base listed that is most appropriate for charging service expenses to responsible units. Your answer should include the number of the activity base only. Activity bases to choose from: Number of conference attendees Number of computers Number of employees trained Number of cell phone minutes used Number of purchase requisitions Number of sales invoices Number of payroll checks Number of travel claims Service Department Activity Base a. Accounts Receivable fill in the blank 1 b. Central Purchasing fill in the blank 2 c. Computer Support fill in the blank 3 d. Conferences fill in the blank 4 e. Employee Travel fill in the blank 5 f. Payroll Accounting fill in the blank 6 g. Telecommunications fill in the blank 7 h. Training fill in the blank 8

SEE MORE QUESTIONS

Recommended textbooks for you

Financial Reporting, Financial Statement Analysis…

Finance

ISBN:

9781285190907

Author:

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

Publisher:

Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Financial Reporting, Financial Statement Analysis…

Finance

ISBN:

9781285190907

Author:

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

Publisher:

Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS