Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below Activity Cost Pool Total Cost Total Activity Researching legal issues $ 22,430 770 research hours Meeting with clients $ 1,292,236 7,513 meeting hours Preparing documents $ 93,790 5,870 documents...

Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided

Fantastic news! We've Found the answer you've been seeking!

Question:

Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below:

Activity Cost Pool	Total Cost		Total Activity
Researching legal issues	$	22,430	770	research hours
Meeting with clients	$	1,292,236	7,513	meeting hours
Preparing documents	$	93,790	5,870	documents

The activity rate for the “meeting with clients” activity cost pool is closest to:

Multiple Choice

$97 per meeting hour
$75 per meeting hour
$172 per meeting hour
$1,292,236 per meeting hour

Related Book For answer-question

Managerial accounting

ISBN: 9780073526706

12th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

See More Books

Posted Date: Mar 04, 2022 05:33 AM

See More Questions

Two of the activity cost pools for Molina Company are (a) machining ($325,000) and (b) inspections ($42,000). Possible cost drivers are direct labor hours (2,550), machine hours (12,500), square...
Multiple Choice Questions 1. The following cost formula for total purchasing cost in a factory was developed using monthly data. Purchasing cost = $123,800 + ($15 x Number of purchase orders) Next...
Multiple Choice Questions 1. A business organised as a separate legal entity that is owned by shareholders is a: a. Partnership. b. Company. c. Sole trader. d. Legal partnership. 2. The shareholders'...
A job order cost accounting system is fully integrated into the general ledger of a company. Identify the major general ledger accounts used in a job order cost system. Explain how manufacturing...
Explain how cleaner living and medical advances could contribute to allergies.
An overhanging beam ABC supports a concentrated load P at the end of the overhang (see figure). Span AB has length L and the overhang has length a. ca
Consider the time to recharge the flash. The probability that a camera passes the test is 0.8, and the cameras perform independently. What is the probability that the third failure is obtained in...
The ANES in 2012 asked respondents to state their ages stored as AGE. a. Calculate the mean, variance, and standard deviation. b. Draw a histogram. c. Use the Empirical rule, if applicable, or...
If Z1 and z are non-real solutions of the equation (z 2) + 8 = 0, find the value of | Z1 Z2|| -
Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available in Connect. This...
State the relation between reduce mass of a molecule and the change in vibrational energy. Also, explain how variations in one quantity affect the other.
Why is overhead estimated for each individual job?
Certain mutual funds pay "exempt-interest dividends." If the mutual fund has at least what percentage of its assets invested in tax-exempt U.S. obligations and/or in California or its municipal...
Data analytics is used to qualify for R&D tax credits by: Multiple Choice using data analytics to find additional qualifying R&D expenditures. using data analytics to provide supporting documentation...
The costs that provide for the factory operating at capacity and/or keeping the factory operating is what type of cost?
would be in Class 8 with a CCA rate of 20%. The machinery is expected to have a salvage value of $25,000 after 5 years of use. The new product line would generate incremental sales of 1,450 units per...
Pretend you are in the workplace You think you may be facing discrimination in the area you chose. Write a scenario on the discrimination situation. Use your imagination. Using the link to the US...
What kind of financial pressures can an LBO cause?
What are the five steps in the lean thinking model?
Discuss some of the major benefits to be gained from budgeting.
Sharon Feldman, president of Allied Products, considers $20,000 to be a minimum cash balance for operating purposes. As can be seen from the following statements, only $15,000 in cash was available...
Do you know about the chart of accounts in your organization as it pertains to information you receive?
If you receive reports in the course of your work, do you believe that they are prepared for outside (third party) use or for internal (management) use? What leads you to believe this?
If so, is it similar to one of the three formats illustrated in this chapter? If not, how is it different?

Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided

Question:

Expert Answer:

Activity rate for the Res... View the full answer

Managerial accounting

Students also viewed these accounting questions