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Homework: Chapter 4: Job Costing Question 3, P4-37 (simila... Part 1 of 5 HW Score: 0.82%, 0.03 of 4 points O Points: 0 of 1
Homework: Chapter 4: Job Costing Question 3, P4-37 (simila... Part 1 of 5 HW Score: 0.82%, 0.03 of 4 points O Points: 0 of 1 Save Kealing & Associates is a law firm specializing in labor relations and employee-related work. It employs professionals (12 partners and 18 associales) who work directly with ils clients. The average budgeted total compensation per professional for 2020 is S124,000. Each professional is budgeted to have 1.550 billable hours to clients in 2020. All professionals work for clients to their maximum 1,550 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. All costs of Keating & Associates other than professional labor costs are included in a single indirect-cost pool (legal support) and are allocated to jobs using professional labor hours as the allocation base. The budgeted level of indirect costs in 2020 is $2,325,000. Read the requirements. Requirement 1. Identify the components of the overview diagram of Keating's job-costing system A A } B D } D F E E } F G G H H }
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