Uroer LOSL ALLUUNI UI d e cu The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 600 hours of professional lawyer) time to the Obsidian Co, breech of contract suit to prepare for the trial at a rate of $210 per hour 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $22,100. 14. Charged 170 hours of professional time for the Obsidian trial at a rate of $270 per hour. 18. Received invoice from consultants Wadsley and Harden for $50,000 for expert testimony related to the Obsidian trial. 27. Applied office overhead at a rate of $45 per professional hour charged to the Obsidian case. 31. Pald administrative and support salaries of $24,600 for the month. 31. Used office Supplies for the month, $8,300. 31. Paid professional salaries of $164.200 for the month 31. Billed Obsidian $329,700 for succesul 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 bank 126.000 S ayable Work in Process Cal Work Pro Work in Pro Consultant Fees Payable Work in Hebres Office O rhead Check My Work Office Overhead July 31 Admin.sal Office Overhead 24,600 Cash July 31 Supplies Office Overhead 300 Supplies July 31 Prof. sal. Salaries Payable | 0 0 0 0 0 164,200 Cash July 31 Billed Accounts Receivable 329,700 Fees Farned 329,700 July 31 Cost Cost of Services Work in Process a. Record the direct costs in Work in Process Apply the overhead based on professional hours Record actual overhead in the office Overhead account. For cases completed, move the costs from work in Process to cost of Services b. How much office overhead is over- or underapplied? Enter your answer as a positive number $ 1,750 Overapplied c. Determine the gross profit on the Obsidian case, assuming that over: or underapplied office overhead is dosed monthly to cost of services 45,900