The five dollar burger joint gift card that your friend gave you for your birthday expires today. you can either use the gift card to buy yourself dinner at burger joint or you can stay home and eat a delicious home-cooked meal. what is the opportunity cost of eating the home-cooked meal? a. the value of a five-dollar dinner at burger joint. b. the value of the ingredients that go into the home-cooked meal and the value of a five-dollar dinner at burger joint .c. there is no opportunity cost since you did not pay for the gift card. d. the time it takes to eat your home-cooked meal and the value of the five-dollar dinner at burger joint. e. the value of the ingredients that go into the home-cooked meal.

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: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare 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 hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.