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

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Job Order Cost Accounting for a Service Company The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during Jul July 3. Charged 460 hours of professional (lawyer) time to the Obsidian Co, breech of contract suit to prepare for the trial, at a rate of $170 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $20,100. 14. Charged 230 hours of professional time for the Obsidian trial at a rate of $280 per hour. 18. Received invoice from consultants Wadsley and Harden for $51,100 for expert testimony related to the Obsidian trial. 27. Apglied office overhead at a hate of $75 per professional hour charged to the Obsidian case, 31. Paid administrative and support salaries of $36,700 for the month. 31. Used office supplies for the month, $12,400. 31. Paid professional salaries of $192,900 for the month. 31. Billed Obsidian $302,300 for wuccessful defense of the case, July 31 Prof, sal. Salaries Payable July 31 Billed FeesEarnedAccountsRecelvable July 31 cost Cost of Services Feodback 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. $ Fesedtack T Check My wos b. Compare the actual cost and the applied cost. c. Adjust Cost of Services for underapplied or overapolied overhead

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