{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T04:48:01-04:00", "answer_date": "2024-06-28 04:48:01", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4242992", "url": "\/study-help\/questions\/here-is-the-question-info-4-questions-are-on-attached-4242992", "question_creation_date_js": "2024-06-28T04:48:01-04:00", "question_creation_date": "Jun 28, 2024 04:48 AM", "meta_title": "[Solved] HERE IS THE QUESTION INFO, 4 QUESTIONS AR | SolutionInn", "meta_description": "Answer of - HERE IS THE QUESTION INFO, 4 QUESTIONS ARE ON ATTACHED FILES Winder, Knotter, and Nale is a small law firm that has 10 | SolutionInn", "meta_keywords": "question,info,4,questions,attached,files,winder,knotter,nale,small,law,firm", "question_title_h1": "HERE IS THE QUESTION INFO, 4 QUESTIONS ARE ON ATTACHED FILES Winder, Knotter, and Nale is a small law firm that has 10 partners and", "question_title": "HERE IS THE QUESTION INFO, 4 QUESTIONS ARE ON ATTACHED FILES Winder,", "question_title_for_js_snippet": "HERE IS THE QUESTION INFO, 4 QUESTIONS ARE ON ATTACHED FILES Winder, Knotter, and Nale is a small law firm that has 10 partners and 10 support people The firm employs a job order costing system to accumulate costs chargeable to each client, and it is organized into two departments the Research and Documents Department and the Litigation Department The firm uses predetermined overhead rates to charge the costs of these departments to its clients At the beginning of the current year, the firm s management made the following estimates for the year Department Research and Documents Litigation Research hours 20,100 Direct lawyer hours 9,050 16,100 Materials and supplies $ 18,200 $ 5,100 Direct lawyer cost $ 425,350 $ 805,000 Departmental overhead cost $ 703,500 $ 322,000 The predetermined overhead rate in the Research and Documents Department is based on research hours, and the rate in the Litigation Department is based on direct lawyer cost The costs charged to each client are made up of three elements materials and supplies used, direct lawyer costs incurred, and an applied amount of overhead from each department in which work is performed on the case Case 618 3 was initiated on February 10 and completed on June 30 During this period, the following costs and time were recorded on the case Department Research and Documents Litigation Research hours 19 Direct lawyer hours 10 43 Materials and supplies $ 52 $ 31 Direct lawyer cost $ 450 $ 2,150", "question_description": "

HERE IS THE QUESTION INFO, 4 QUESTIONS ARE ON ATTACHED FILES<\/p>

Winder, Knotter, and Nale is a small law firm that has 10 partners and 10 support people. The firm employs a job-order costing system to accumulate costs chargeable to each client, and it is organized into two departments?the Research and Documents Department and the Litigation Department. The firm uses predetermined overhead rates to charge the costs of these departments to its clients. At the beginning of the current year, the firm?s management made the following estimates for the year:<\/p> <\/td><\/tr><\/tbody><\/table>

<\/p>
<\/td>Department<\/td><\/tr>
<\/td>

<\/p> <\/td><\/tr>

<\/td>Research and Documents<\/td>Litigation<\/td><\/tr>
Research-hours<\/td><\/td>20,100<\/td><\/td><\/td>?<\/td><\/td><\/tr>
Direct lawyer-hours<\/td><\/td>9,050<\/td><\/td><\/td>16,100<\/td><\/td><\/tr>
Materials and supplies<\/td>$<\/td>18,200<\/td><\/td>$<\/td>5,100<\/td><\/td><\/tr>
Direct lawyer cost<\/td>$<\/td>425,350<\/td><\/td>$<\/td>805,000<\/td><\/td><\/tr>
Departmental overhead cost<\/td>$<\/td>703,500<\/td><\/td>$<\/td>322,000<\/td><\/td><\/tr>

<\/p> <\/td><\/tr><\/tbody><\/table>

<\/p>

The predetermined overhead rate in the Research and Documents Department is based on research-hours, and the rate in the Litigation Department is based on direct lawyer cost.<\/p> <\/td><\/tr>

The costs charged to each client are made up of three elements: materials and supplies used, direct lawyer costs incurred, and an applied amount of overhead from each department in which work is performed on the case.<\/p> <\/td><\/tr>

Case 618-3 was initiated on February 10 and completed on June 30. During this period, the following costs and time were recorded on the case:<\/p> <\/td><\/tr><\/tbody><\/table>

<\/p>
<\/td>Department<\/td><\/tr>
<\/td>

<\/p> <\/td><\/tr>

<\/td>Research and Documents<\/td>Litigation<\/td><\/tr>
Research-hours<\/td><\/td>19<\/td><\/td><\/td>?<\/td><\/td><\/tr>
Direct lawyer-hours<\/td><\/td>10<\/td><\/td><\/td>43<\/td><\/td><\/tr>
Materials and supplies<\/td>$<\/td>52<\/td><\/td>$<\/td>31<\/td><\/td><\/tr>
Direct lawyer cost<\/td>$<\/td>450<\/td><\/td>$<\/td>2,150<\/td><\/td><\/tr>

<\/p> <\/td><\/tr><\/tbody><\/table>\"image", "transcribed_text": "", "related_book": { "title": "Auditing and Assurance Services", "isbn": "978-1259573286, 1259573281, 978-1260152166", "edition": "7th edition", "authors": "Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1263.jpg", "uri": "\/textbooks\/auditing-and-assurance-services-7th-edition-1263", "see_more_uri": "" }, "free_related_book": { "isbn": "1592577202", "uri": "\/textbooks\/the-complete-idiots-guide-to-detoxing-your-body-1st-edition-978-1592577200-266609", "name": "The Complete Idiots Guide To Detoxing Your Body", "edition": "1st Edition" }, "question_posted": "2024-06-28 04:48:01", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/listed-below-is-a-selection-of-items-from-the-internal", "description": "Listed below is a selection of items from the internal control questionnaire on payables shown in Appendix 12A. 1. Are invoices, receiving reports, and purchase orders reviewed by the cheque signer?...", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/compute-the-renewal-function-when-the-interarrival-distribution-f-is-1982899", "description": "Compute the renewal function when the interarrival distribution F is such that 1 F(t) = pe1t + (1 p)e2t", "stars": 3 }, { "url": "\/on-january-1-2015-harter-company-had-accounts-receivable-139000", "description": "On January 1, 2015, Harter Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivable is from Willingham Company. It is a...", "stars": 3 }, { "url": "\/study-help\/questions\/ida-sidha-karya-company-is-a-familyowned-company-located-in-9850421", "description": "Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan...", "stars": 3 }, { "url": "\/study-help\/questions\/titan-technologys-common-stock-pays-a-dividend-that-is-expected-8477372", "description": "Titan Technology's common stock pays a dividend that is expected to grow at 8 % for one year and then grow at a more normal rate of 5 % thereafter. Assume the current dividend is $ 1 per share and...", "stars": 3 }, { "url": "\/study-help\/service-management-operations-strategy\/suppose-a-distributor-faces-an-annual-demand-for-a-car-1303150", "description": "Suppose a distributor faces an annual demand for a car horn for small cars that is normally distributed with a mean of 2300 items and a standard deviation of 300. The cost of placing an order is $150...", "stars": 3 }, { "url": "\/study-help\/fluid-mechanics-\/air-flows-with-negligible-friction-through-a-10mathrmcmdiameter-duct-at-1418439", "description": "Air flows with negligible friction through a \\(10-\\mathrm{cm}\\)-diameter duct at a rate of \\(2.3 \\mathrm{~kg} \/ \\mathrm{s}\\). The temperature and pressure at the inlet are \\(T_{1}=450 \\mathrm{~K}\\)...", "stars": 3 }, { "url": "\/study-help\/particle-physics\/figure-p2718-shows-three-particles-passing-near-the-north-end-1369791", "description": "Figure P27.18 shows three particles passing near the north end of a bar magnet. Particle 1 is an electron, and particles 2 and 3 are protons. All three particles move at the same speed. (a) Determine...", "stars": 3 }, { "url": "\/study-help\/principles-of-economics\/the-placebo-drug-company-holds-a-patent-on-one-of-1383670", "description": "The Placebo Drug Company holds a patent on one of its discoveries. a. Assuming that the production of the drug involves rising marginal cost, draw a diagram to illustrate Placebos profitmaximizing...", "stars": 3 }, { "url": "\/study-help\/questions\/what-is-the-use-of-bootstrap-program-7985039", "description": "What is the use of bootstrap program?", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/sandhill-co-sells-office-equipment-on-july-31-2017-for-4242991", "next": "\/study-help\/questions\/mellisa-lewis-purchased-land-in-1984-for-500000-on-20-4242993" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "HERE IS THE QUESTION INFO, 4 QUESTIONS ARE ON ATTACHED FILES Winder,", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/here-is-the-question-info-4-questions-are-on-attached-4242992" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }1" } }