Question list O Question 1 O Question 2 O Question 3 Question 4 Question 5 -3 Snow K Timlin Associates is a recently formed law partnership. Timlin Associates operates at capacity and uses a cost-based approach to pricing (billing) each job. Timlin currently uses a simple costing system. (Click the icon to view the data using the simple costing system.) Ellery Hanley, the managing partner of Timlin Associates, decided to try and further refine his costing system. (Click the icon to view the other direct costs data.) Timlin Associates has two classifications of professional staff-partners and managers. Hanley asks his assistant to examine the relative use of partners and managers on the recent Widnes Coal and St. Helen's cases. (Click the icon to view the use of partners and managers on the cases.) Required Requirement 1. Compute the costs of the Widnes and St. Helen's cases using Timlin's further refined system, with multiple direct-cost categories and multiple indirect-cost pools. Begin by determining the formulas you will use to calculate the direct partner cost of the case and the direct manager cost of the job. Q Search X = Partner direct costs of case Manager direct costs of case CE 9 COD K Clear all ENG US Check answer 12:30 PM 2023-10-22 17

currently uses a simple costing system (FClick the icon to vew the darla using the simple costing system.) Question 1 Question 2 Question 3 Question 4 Question 5 Elery Hanloy, tho managing partner of Timin Associates, decibod to try and futher refine tis costing system (Click the icon to vew the otier cirect costs data) marogens on tre recert Widnes Coal and St. Helarns cases. (Click the icon to vew the use of partrers and ransgens on the cases.) Bucurod: mulicio indredt-cost pools Simple costing system data Currently it uses a single direct-cost category (protossional tabour-hours) and a single indrect-cost pool (goneral support). Indirect coets are allocated to cases on the basis of profossional labour-hours per case. The case fles show the following Widnes Coal \begin{tabular}{l} Profossional labour \\ 125 hous \end{tabular} Professional labour costs at Timin Associates are $60 an hour. Indirect costs are allocated to cases at $110 an hour. Total indirect costs in the most recent period were $24,750. Wt to examine the relative use of partiers and ith muitiple direct-cost categories and Other direct costs data Hanley asks his assistant to collect details on those costs included in the $24,750 indirect-cost pool that can be traced to each individual case. After further analysis, Timlin is able to reclassify $18,000 of the $24,750 as direct costs. Hanley decides to calculate the costs of each case had Timlin used six direct-cost pools and a single indirect-cost pool. The single indirect-cost pool Use of partners and managers on the cases The Widnes case used 25 partner-hours and 100 manager-hours. The St. Helen's case used 50 partner-hours and 50 manager-hours. Hanley decides to examine how the use of separate direct-cost and indirect-cost pools for partners and managers would have affected the costs of the Widnes and St. Helen's cases. Indirect costs in each cost pool would be allocated based on total hours of that category of professional labour. The rates per category of professional labour are as follows. Required Compute the costs of the Widnes and St. Helen's cases with Timlin's further refined system, with multiple direct-cost categories and multiple indirect-cost pools