subject
Business, 06.08.2019 16:10 stephanieboyd

Winkle, kotter, and zale is a small law firm that contains 10 partners and 10 support persons. the firm employs a job-order costing system to accumulate costs chargeable to each client, and it is organized into two departments-the research and documents department and the litigation department. the firm uses predetermined overhead rates to charge the costs of these departments t its clients. at the beginning of the current year, the firm\'s management made the following estimates for the year: departmentresearch and documents litigationresearch-hours 20,000 -direct attorney-hours 9,000 16,000materials and supplies $18,000 $5,000direct attorney cost $430,000 $800,000departmental overhead cost $700,000 $320,000the predetermined overhead rate in the research and documents department is based on research-hours, and the rate in the litigation department is based on direct attorney cost. the costs charged to each client are made up of three elements: materials and supplies used, direct attorney cost incurred, and an applied amount of overhead from each department in which work is performed on the case. case 618-3 was initiated on february 10 and completed on june 30. during this period, the following costs and time were recorded on the case: departmentresearch and documents litigationresearch-hours 18 -direct attorney-hours 9 42materials and supplies $50 $30direct attorney cost $410 $2,100question 1 - compute the predetermined overhead rates used during the year in the research and documents department and the litigation department. show your work. question 2 - using the rates computed in question 1, compute the total overhead cost applied to case 618-3. show your work. question 3 - what would be the total cost charged to case 618-3? show computations by department and in total for the case. question 4 - at the end of the year, the firm's records revealed the following actual cost and operating data for all cases handled during the year: departmentresearch and documents litigationresearch-hours 23,000 -direct attorney-hours 8,000 15,000materials and supplies $19,000 $6,000direct attorney cost $400,000 $275,000departmental overhead cost $770,000 $300,000determine the amount of underapplied or overapplied overhead cost in each department for the year.

ansver
Answers: 3

Another question on Business

question
Business, 20.06.2019 18:04
From anderson and dahlin, ch1 question 1: suppose a computer system and all of its applications are completely bug free. suppose further that everyone in the world is completely honest and trustworthy. in other words, we do not need to consider fault isolation.
Answers: 3
question
Business, 22.06.2019 05:10
Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision
Answers: 3
question
Business, 22.06.2019 06:30
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
question
Business, 22.06.2019 19:00
The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?
Answers: 2
You know the right answer?
Winkle, kotter, and zale is a small law firm that contains 10 partners and 10 support persons. the f...
Questions
question
Spanish, 06.07.2019 10:00
question
Mathematics, 06.07.2019 10:00
question
Mathematics, 06.07.2019 10:00
Questions on the website: 13722360