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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 July July 3. Charged 550 hours of professional (lawyer) time at a rate of $240 per hour to the Obsidlan Co. breech of contract suit to prepare for the trial 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $21,800 14. Charged 330 hours of professional time for the Obsidian trial at a rate of $260 per hour 18. Received invoice from consultants Wadsley and Harden for $58,800 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $55 per professional hour charged to the Obsidian case 31. Paid administrative and support salaries of $34,400 for the month 31. Used office supplies for the month, $11,600 31. Paid professional salaries of $191,500 for the month 31. Billed Obsidian $396,100 for successful defense of the case a. Provide the journal entries for each of these transactions. July 3 July 10 July 14 July 18 July 27 (P Next uly 31 Admin. sal. July 31 Supplies 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. dian case, assuming that over- or underapplied office overhead is closed monthly to cost of services. c. Determine the gross profit on the Obsi Check My Work Email instructorSave and Ext Subm All work saved

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