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 175 hours of professional (lawyer) time at a rate of $150 per hour to the Obsidian Co. breech of contract suit to prepare for the trial
10.	Reimbursed travel costs to employees for depositions related to the Obsidian case, $12,500
14.	Charged 260 hours of professional time for the Obsidian trial at a rate of $185 per hour
18.	Received invoice from consultants Wadsley and Harden for $30,000 for expert testimony related to the Obsidian trial
27.	Applied office overhead at a rate of $62 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, $4,000
31.	Paid professional salaries of $74,350 for the month
31.	Billed Obsidian $172,500 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		fill in the blank e0e99103cff9072_2	fill in the blank e0e99103cff9072_3
		fill in the blank e0e99103cff9072_5	fill in the blank e0e99103cff9072_6
July 10		fill in the blank e0e99103cff9072_8	fill in the blank e0e99103cff9072_9
		fill in the blank e0e99103cff9072_11	fill in the blank e0e99103cff9072_12
July 14		fill in the blank e0e99103cff9072_14	fill in the blank e0e99103cff9072_15
		fill in the blank e0e99103cff9072_17	fill in the blank e0e99103cff9072_18
July 18		fill in the blank e0e99103cff9072_20	fill in the blank e0e99103cff9072_21
		fill in the blank e0e99103cff9072_23	fill in the blank e0e99103cff9072_24
July 27		fill in the blank e0e99103cff9072_26	fill in the blank e0e99103cff9072_27
		fill in the blank e0e99103cff9072_29	fill in the blank e0e99103cff9072_30
July 31 Admin. sal.		fill in the blank e0e99103cff9072_32	fill in the blank e0e99103cff9072_33
		fill in the blank e0e99103cff9072_35	fill in the blank e0e99103cff9072_36
July 31 Supplies		fill in the blank e0e99103cff9072_38	fill in the blank e0e99103cff9072_39
		fill in the blank e0e99103cff9072_41	fill in the blank e0e99103cff9072_42
July 31 Prof. sal.		fill in the blank e0e99103cff9072_44	fill in the blank e0e99103cff9072_45
		fill in the blank e0e99103cff9072_47	fill in the blank e0e99103cff9072_48
July 31 Billed		fill in the blank e0e99103cff9072_50	fill in the blank e0e99103cff9072_51
		fill in the blank e0e99103cff9072_53	fill in the blank e0e99103cff9072_54
July 31 Cost		fill in the blank e0e99103cff9072_56	fill in the blank e0e99103cff9072_57
		fill in the blank e0e99103cff9072_59	fill in the blank e0e99103cff9072_60

b. How much office overhead is over- or underapplied? Enter your answer as a positive number. $fill in the blank 52409cffbfb607d_1

c. Determine the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services. $fill in the blank 52409cffbfb607d_3