Homework Answers
| Ans. | Option 1st $147 per meeting hour | |||
| Activity rate = Total cost of meeting with clients / Total Activity | ||||
| $154,791 / 1,053 | ||||
| $147.00 | per meeting hour | |||
| Meeting with clients is based on the activity of meeting hours, so the activity | ||||
| rate is calculated by using the above formula. | ||||
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Data concerning three of the activity cost pools of Brevo LLC, a legal firm are presented...
Data concerning three of the activity cost pools of French Company, an accounting firm, have been...
Data concerning three of the activity cost pools of French Company, an accounting firm, have been provided below: Activity Cost pools Total Cost Total activity Researching accounting issues $ 20,900 550 research hours Meeting with clients $155,000 1,000 meeting hours Preparing documents $90,400 5,650 documents The activity rate for the meeting with clients" activity cost pool is closest to: $147 per meeting hour $154,791 per meeting hour $37 per meeting hour 5155 per meeting hour Ocho Corporation uses the following...
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question 3 and 4 3. Data concerning three of the activity cost pools of Coutes LLC,...
question 3 and 4
3. Data concerning three of the activity cost pools of Coutes LLC, a legal firm, have been provided below Activity Cost Pools Researching legal issues. Meeting with clients ........ Preparing documents ...... Total Cost S29,920 $665,500 $116,820 Total Activity 680 research hours 5,324 meeting hours 6,490 documents The activity rate for the "meeting with clients' activity cost pool is: Answer: $125 per meeting hour 110 points) 4.665.00 $125 5324 4. Westin Company uses activity-based costing to...
12 & 13 12) Data concerning three of the activity cost pools of Salcido LLC, a...
12 & 13
12) Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided belc Activity Cost Pool Researching legal issues Meeting with clients Total Activity 680 7333 Total Cost research hours 21,080 S 1,195,279 meeting hours The activity rate for the "meeting with clients" activity cost pool is closest to: A) $91 per meeting hour C) $72 per meeting hour B) $1,195,279 per meeting hour D) $163 per meeting hour 13) The...
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Goodman and Associates, a law firm, employs ABC. The following budgeted data for each of the...
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6. Goodman and Associates, a law firm, employs ABC. The following budgeted data for each of...
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13&14 on provided below l minth Total Activity 600 research hours Activity Cost Pool Researching legal...
13&14
on provided below l minth Total Activity 600 research hours Activity Cost Pool Researching legal issues Meeting with clients 5 .195279 The activity rate for the meeting with clients activity cost pool is closest to A) 591 per meeting hour 51.195279 permeting hour C) 572 per meeting hour D) 5161 por meeting hour 13) The BRS Corporation makes collections on sales according to the following schedule 50% in month of sale 47% in month following sale 396 in second...
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question 3 and 4
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12 & 13
12) Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided belc Activity Cost Pool Researching legal issues Meeting with clients Total Activity 680 7333 Total Cost research hours 21,080 S 1,195,279 meeting hours The activity rate for the "meeting with clients" activity cost pool is closest to: A) $91 per meeting hour C) $72 per meeting hour B) $1,195,279 per meeting hour D) $163 per meeting hour 13) The...
4. Horton, Reiser, and Associates, a law firm. employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2016. Estimated Activity Cost Pools o Overhead Researching legal issues $ 31,500 Preparing legal documents 480,000 Meeting with clients 1,760,000 Expected Use of Cost Drivers per Activity 900 research hours 30,000 pages 8,800 professional hours During 2016 the firm worked 660 research hours, 10,000 professional hours, and prepared 25,000 document pages. Instructions Compute the...
6. Goodman and Associates, a law firm, employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2019. (19 pts) Estimated Expected Use of Activity Cost Pools Overhead Cost Drivers per Activity Researching legal issues $ 31,500 900 research hours Preparing legal documents 480,000 30,000 pages Meeting with clients. 1.760,000 8,800 professional hours During 2019 the firm worked 660 research hours, 10,000 professional hours, and prepared 25,000 document pages. Instructions Compute the...
Leaper Corporation uses an activity-based costing system with the following three activity cost pools: Total Activity Activity Cost Pool machine- Fabrication 35,000 hours Order processing 300 orders Other Not applicable The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Wages and salaries Depreciation $420,000 170,000 190,000 Occupancy $780,000 Total The distribution of resource consumption across activity cost pools is given below: Activity Cost...
13&14
on provided below l minth Total Activity 600 research hours Activity Cost Pool Researching legal issues Meeting with clients 5 .195279 The activity rate for the meeting with clients activity cost pool is closest to A) 591 per meeting hour 51.195279 permeting hour C) 572 per meeting hour D) 5161 por meeting hour 13) The BRS Corporation makes collections on sales according to the following schedule 50% in month of sale 47% in month following sale 396 in second...
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