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Question list , K x / s Question 1 Question 2 x / s Question 3 Kahn & Associates is a law firm specializing in
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Kahn & Associates is a law firm specializing in labor relations and employeerelated work. It
employs professionals partners and associates who work directly with its clients.
Previously the firm accounted for all professional labor cost in a single directcost account
and all other costs in a single indirectcost pool.
Click the icon to view the cost information and rates under the previous method.
Kahn has just completed a review of its jobcosting system.
Click the icon to view the jobcosting review information.
Budgeted information for related to the two directcost categories is as follows:
Click the icon to view the budgeted information.
Read the requirements.
Requirement Compute the budgeted directcost rates for a professional partners and b professional associates.
Begin by selecting the formula, then enter the amounts to compute both rates. Abbreviations used: Assoc. Associate.
Requirement Compute the budgeted indirectcost rates for a general support and b secretarial support.
Begin by selecting the formula, then enter the amounts to compute both rates.
Data table
The average budgeted total compensation per professional for is $ Each professional is
budgeted to have billable hours to clients in All professionals work for clients to their
maximum billable hours available. All professional labor costs are included in a
single directcost category and are traced to jobs on a perhour basis. All costs of Kahn & Associates
other than professional labor costs are included in a single indirectcost pool legal support and are
allocated to jobs using professional laborhours as the allocation base. The budgeted level of indirect
costs in is $
The cost estimates for the Richardson, Inc. job, which requires budgeted hours of professional
labor and for the Punch, Inc. job, which requires budgeted hours of professional labor are
as follows:
Data table
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