Shank and Verst, attorneys-at-law, provided legal representation to Baldwin Equipment, Inc., in a product liability suit. Twenty

Question:

Shank and Verst, attorneys-at-law, provided legal representation to Baldwin Equipment, Inc., in a product liability suit. Twenty partner hours and 65 associate hours were worked in defending the company. The cost of each partner hour is $325, which includes partner wages plus overhead based on direct labor cost. The cost of each associate hour is $145, which also includes both wages and overhead. Other costs that can be directly identified with the job are travel ($2,800) and telephone/ fax/copying charges ($1,740). The date Baldwin contracted with Shank and Verst was May 8, 2011, and the defense was successfully completed on December 21, 2011. The engagement number is 525.

Required:

Prepare a job order cost sheet, in good form, for Baldwin Equipment, Inc.


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Principles Of Cost Accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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