Lasso and Markowitz is a law firm that is initiating an activity-based costing system. Sam Lasso,...
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Lasso and Markowitz is a law firm that is initiating an activity-based costing system. Sam Lasso, the senior partner = 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. Activities Hours Writing contracts and letters 1.48 Value-added Attending staff meetings 0.49 Non-value-added Taking depositions 0.95 Value-added Doing research 1.06 Value-added Traveling to/from court 0.94 Non-value-added Contemplating legal strategy 1.11 Value-added Eating lunch 1.00 Non-value-added Litigating a case in court 2.61 Value-added Entertaining a prospective client 1.45 Non-value-added How much was value-added time? (Round answer to 2 decimal places, e.g. 2.13.) Value-added time hours How much was non-value-added time? (Round answer to 2 decimal places, e.g. 2.13.) Non-value-added hours Lasso and Markowitz is a law firm that is initiating an activity-based costing system. Sam Lasso, the senior partner = 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. Activities Hours Writing contracts and letters 1.48 Value-added Attending staff meetings 0.49 Non-value-added Taking depositions 0.95 Value-added Doing research 1.06 Value-added Traveling to/from court 0.94 Non-value-added Contemplating legal strategy 1.11 Value-added Eating lunch 1.00 Non-value-added Litigating a case in court 2.61 Value-added Entertaining a prospective client 1.45 Non-value-added How much was value-added time? (Round answer to 2 decimal places, e.g. 2.13.) Value-added time hours How much was non-value-added time? (Round answer to 2 decimal places, e.g. 2.13.) Non-value-added hours
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