Silver Law Firm provides litigation and mediation services. The company reports the following overhead cost data...

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Silver Law Firm provides litigation and mediation services. The company reports the following overhead cost data for the year. worked on 70 litigation cases and 80 mediation cases during this period. Budgeted Activity Usage 330 documents 2,300 billable hours. 37 court dates Activity $ 56,100 Clerical support Facility services Client consultations 18,400 92,500 Activity usage for each service follows. Activity Cost Driver Documents Billable hours Court dates Budgeted Cost Activity Litigation 180 Activity Clerical support Facility services Client consultations 700 32 Usage Mediation 150 1,600 Required: 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit (case) for both litigation and mediation using activity-based costing. Total 330 2,300 37 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute an activity rate for each activity using activity-based costing. Note: Round "Activity rate" to 2 decimal places. Budgeted Cost Budgeted Activity Usage < Required 1 Required 2 > Activity Rate 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit (case) for both litigation and mediation using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute overhead cost per unit (case) for both litigation and mediation using activity-based costing. Note: Round "Activity rate to 2 decimal places. Allocate overhead costs to litigation using activity-based costing Activity Usage Activity Clerical support Facility services Client consultations Total allocated cost Units produced (cases) Overhead cost per case Allocate overhead costs to mediation using activity-based costing Activity Activity Usage Clerical support Facility services Client consultations Total allocated cost Units produced (cases) Overhead cost per case < Required 1 Activity Rate Activity Rate Required 2 > Allocated Cost Allocated Cost Silver Law Firm provides litigation and mediation services. The company reports the following overhead cost data for the year. worked on 70 litigation cases and 80 mediation cases during this period. Budgeted Activity Usage 330 documents 2,300 billable hours. 37 court dates Activity $ 56,100 Clerical support Facility services Client consultations 18,400 92,500 Activity usage for each service follows. Activity Cost Driver Documents Billable hours Court dates Budgeted Cost Activity Litigation 180 Activity Clerical support Facility services Client consultations 700 32 Usage Mediation 150 1,600 Required: 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit (case) for both litigation and mediation using activity-based costing. Total 330 2,300 37 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute an activity rate for each activity using activity-based costing. Note: Round "Activity rate" to 2 decimal places. Budgeted Cost Budgeted Activity Usage < Required 1 Required 2 > Activity Rate 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit (case) for both litigation and mediation using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute overhead cost per unit (case) for both litigation and mediation using activity-based costing. Note: Round "Activity rate to 2 decimal places. Allocate overhead costs to litigation using activity-based costing Activity Usage Activity Clerical support Facility services Client consultations Total allocated cost Units produced (cases) Overhead cost per case Allocate overhead costs to mediation using activity-based costing Activity Activity Usage Clerical support Facility services Client consultations Total allocated cost Units produced (cases) Overhead cost per case < Required 1 Activity Rate Activity Rate Required 2 > Allocated Cost Allocated Cost

Answer rating: 100% (QA)

Lets go through the full solution step by step Step 1 Compute Activity Rates 1 Activity Rate for Clerical Support Activity Rate Budgeted Cost for Cler... View the full answer