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would like help with the journal entries, and not sure how to check the overhead and gross profit from the case Chart of Accounts Instructions
would like help with the journal entries, and not sure how to check the overhead and gross profit from the case
Chart of Accounts Instructions The law occurred during July: firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions Jul. 3 Charged 175 hours of professional (lawyer) time to the Obsidian Co. breech of contract suit to for the trial, at a rate of $150 per hour. 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 hou 18 Received invoice from consultants Wadsley and Harden for $30,000 for expert testimony related to the 27 31 31 Obsidian trial. Applied office overhead at a rate of $62 per professional hour charged to the Obsidian case. Paid administrative and support salaries of $28,500 for the month. Used office supplies for the month, $4,000. 27 PM 6/14/2018Step by Step Solution
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