Roi and Dennett Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2019: Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor-hours Budget Actual $270,000 $300,000 $100,000 $110,000 $29,000 $30,000 50000 DLH 60,000 DLH How much should the client be billed in an actual costing system if 200 professional labor-hours are used? Example of Answer: 4000 (No comma, space, decimal point, or $ sign)

Roi and Dennett Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2019: Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor-hours Budget Actual $270,000 $300,000 $100,000 $110,000 $29,000 $30,000 50000 DLH 60,000 DLH How much should the client be billed in an actual costing system if 200 professional labor-hours are used? Example of Answer: 4000 (No comma, space, decimal point, or $ sign)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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