Problem 2 (3 min) Meiser, Howard and Associates, a law firm, employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2016. Estimated Expected Use of Activity Cost Pools Overhead Cost Drivers per Activity Researching legal issues $ 31,500 900 research hours Preparing legal documents 480,000 30,000 pages Meeting with clients 1,760,000 8,800 professional hours During 2016 the firm worked 660 research hours, 10,000 professional hours, and prepared 25,000 document pages. Instructions Compute the total overhead applied during 2016.
Problem 2 (3 min)
Meiser, Howard and Associates, a law firm, employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2016.
Estimated Expected Use of
Activity Cost Pools
Researching legal issues $ 31,500 900 research hours
Preparing legal documents 480,000 30,000 pages
Meeting with clients 1,760,000 8,800 professional hours
During 2016 the firm worked 660 research hours, 10,000 professional hours, and prepared 25,000 document pages.
Instructions
Compute the total overhead applied during 2016.
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