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 documentsThe 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 hou
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 documentsThe 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 hou
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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:
The cost pool activity rate for client meetings is
| 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 |
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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