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Prder Cost Accounting for a Service Company aw firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system.

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Prder Cost Accounting for a Service Company aw firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following actions occurred during July: July 3, Charged 590 hours of professional lawyer) time to the Obsidian Co, breech of contract suit to prepare for the trial, at a rate of $220 per 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $21,900 14. Charged 130 hours of professional time for the Obsidian trial at a rate of $300 per hour. 18. Received invoice from consultants Wadsley and Harden for $73,500 for expert testimony related to the Obsidian trial. 27. Applied office overhead at a rate of $60 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $30,700 for the month. 31. Used office supplies for the month, $10,400. 31. Paid professional salaries of $166,300 for the month. 31. Billed Obsidian $351,100 for successful defense of the case. moto of more an entry, leave it blank. 31. Billed Obsidian $351,100 for successful defense of the case. 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 II II II II II (01 II II II II July 18 July 27 July 31 Admin. sal. July 31 Supplies July 31 Prof. sal. II II II II IO II II II II 10 July 31 Billed 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

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