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Lasso and Markowitz is a law firm that is initiating an activity-based costing system. Sam Lasso, the senior partner and strong supporter of ABC,
Lasso and Markowitz is a law firm that is initiating an activity-based costing system. Sam Lasso, the senior partner and strong supporter of ABC, has prepared the following list of activities performed by a typical attorney in a day at the firm. Classify each of the activities listed by Sam Lasso as value-added or non-value-added. 0.45 Non-value-added Value-added Activities Hours Writing contracts and letters 1.58 Attending staff meetings Taking depositions 0.92 Doing research 0.98 Traveling to/from court 0.90 Contemplating legal strategy 0.94 Eating lunch 0.981 Litigating a case in court 2.28 Entertaining a prospective client 1.67 How much was value-added time? (Round answer to 2 decimal places, e.g. 2.13.)
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