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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
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 470 hours of professional (lawyer) time at a rate of $180 per hour to the Obsidian Co. breech of contract suit to prepare for the tri 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $16,000 14. Charged 200 hours of professional time for the Obsidian trial at a rate of $280 per hour 18. Received invoice from consultants Wadsley and Harden for $60,800 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $60 per professional hour charged to the Obsidian case 31. Paid administrative and support salaries of $28,500 for the month 31. Used office supplies for the month, $9,600 31. Paid professional salaries of $176,200 for the month 31. Billed Obsidian $293,800 for successful defense of the case a. Provide the journal entries for each of these transactions. If an amount box does not require an entry, leave it blank. July 31 July 10
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