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Studying for a test and i cant figure out cost allocation. 4. Grimm and Grimmer, PA, a law firm, employs five full-time attorneys and nine
Studying for a test and i cant figure out cost allocation. 4. Grimm and Grimmer, PA, a law firm, employs five full-time attorneys and nine paralegals. Budgeted salaries are $80,000 for each attorney and $30,000 for each paralegal. Budgeted indirect costs (rent, secretarial support, copying, etc.) are $150,000. The company uses the cost of attorney and paralegal time as an overhead allocation base to assign indirect costs. If $10,000 of attorney cost and $5,000 of paralegal cost were incurred representirly Wild Bill Cortez, calculate how much cost you would assign to servicing that client. Show your work
Studying for a test and i cant figure out cost allocation.
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