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Job Order Cost Accounting for a Service Company a The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job

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Job Order Cost Accounting for a Service Company a The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July July 3. Charged 580 hours of professional (lawyer) time at a rate of $230 per hour to the Obsidian Co breech of contract suit to prepare for the trat 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $17,100 14. Charged 190 hours of professional time for the Obsidian trial at a rate of $290 per hour 18, Received invoice from consultants Wadsley and Harden for $55,700 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $50 per professional hour charged to the Obsidian case 31. Paid administrative and support salaries of $27,300 for the month 31. Used office supplies for the month, 59,200 31. Paid professional salaries of $192,300 for the month 31. Billed Obsidian $342,500 for successful defense of the case 2 a. Provide the journal entries for each of these transactions. If an amount box does not require an entry leave it blank July 3 July 10 July 14 July 18 July 18 July 27 July 31 Admin, sal July 31 Supplies II II II II II III ) July 31 Prof. sal July 31 Billed July 31 Cost b. How much office overhead is over- or underapplied? Enter your answer as a positive number, c. Determine the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services

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