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Job Order Cost Accounting for a Service Company The law firm of Furian and Benson accumulates costs associated with individual cases, using a job order
Job Order Cost Accounting for a Service Company The law firm of Furian and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 640 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, $26,400. 14. Charged 330 hours of professional time for the Obsidian trial at a rate of $290 per hour. 18. Received Invoice from consultants Wadsley and Harden for $61,600 for expert testimony related to the Obsidian trial, 27. Applied office overhead at a rate of $65 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $44,800 for the month. 31. Used office supplies for the month, $15,100. 31. Pald professional salaries of $180,000 for the month. 31. Biled Obsidian 5405,300 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 3 July 10 July 14 July 18 July 27 I II II II II II II II II II II July 31 Admin. sal.
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