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Morgan, Player, and Associates, a law firm, employs ABC. The following budgeted data for each of the activity cost pools is provided for the year
Morgan, Player, and Associates, a law firm, employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2013. Estimated Expected Use of Activity Cost Pools Researching legal issues Overhead Cost Drivers per Activity $ 31,500 1,760,000 480,000 900 research hours 8,800 professional hours 30,000 pages Meeting with clients Preparing legal documents During 2013 the firm experienced 660 research hours, prepared 25,000 document pages, and 10,000 professional hours. Instructions Compute the total overhead applied during 2013. Ans: NA, LO: 4, Bloom: AP, Dificlty, Medium, Min: 3, AACSB: Anallc, ICPA B8: Strategiocitical Tinking, AICPA F. Measurement,ANICPA PO Problem Solving, IMA: Cost Mgmt
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