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Please look at all the photos. I couldn't fit everything in one picture. eBook Calculator Job Order Cost Accounting for a Service Company The law
Please look at all the photos. I couldn't fit everything in one picture.
eBook Calculator 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 tre July 3. Charged 175 hours of professional lawyer) time at a rate of $150 per hour to the Obsidian Co, breech of contract suit 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 July 10 July 14 July 18 Check My Work Wuly 18 July 27 July 31 Admin. sal. July 31 Supplies July 31 Prof. sal. II II II II II July 31 Billed July 31 Cost b. How much office overhead is over- or underapplied? Enter your answer as a positive number. $ July 31 Cost b. How much office overhead is over or underapplied? Enter your answer as a positive number. c. Determine the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services Check My WorkStep by Step Solution
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