Question: 56Data concerning three of the activity cost pools ofSalcido LLC, a legal firm, have been provided below:Total Cost Total ActivityActivity Cost PoolResearching legal issues$23,030810 research hoursMeeting with clientsPreparing documents$1,336,368$94,3907,593 meeting hours5,910 documentsThe activity rate for the "meeting with clients" activitycost pool is:

Explanation of Activity Cost Pool: An activity cost pool is a grouping of individual costs…

Answered: Question: 56 Data concerning three of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 7MC: Organizational charts _____. A. list the salaries of all employees B. outline the strategic goals of...

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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.
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
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! 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
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 Activity Transportation costs Electronic processing Office support Total overhead assigned Total Activity Cost Cost Driver $50,000 Mileage $ 75,000 Processing hours $ 20,000 Administrative hours. Required: Barry Gold, a tax client of Sunrise Accounting, requires 20 miles of transportation, 50 hours of processing time, and 3 hours of office support, determine the amount of overhead assigned to Barry Gold. Note: Round your intermediate calculations to 2 decimal places and your final answers to the nearest dollar amount. Allocated Overhead $ 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…
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 $ $ 154,880 Mileage: $ 202,300 $ 158,700 Cost Driver 0 Processing hours Administrative hours Expected Tax Services Usage 8,800 miles 23,800 hours 4,830 hours Required: Using activity proportions, determine the amount of overhead assigned to Controller Services. Note: Do not round intermediate calculations. Expected Controller Services Usage 61,600 miles 35,700 hours 2,070 hours
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.
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
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