Question
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
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 | $ | 22,430 | 770 | research hours | |||||
| Meeting with clients | $ | 1,292,236 | 7,513 | meeting hours | |||||
| Preparing documents | $ | 93,790 | 5,870 | documents | |||||
The activity rate for the “meeting with clients” activity cost pool is closest to:
Multiple Choice
$97 per meeting hour
$75 per meeting hour
$172 per meeting hour
$1,292,236 per meeting hour
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
