Luce amp morgan a law firm in downtown jefferson city is

Reference no: EM13597065

Luce & Morgan, a law firm in downtown Jefferson City, is considering opening a legal clinic for middle- and low-income clients. The clinic would bill at a rate of $18 per hour. It would employ law students as paraprofessional help and pay them $9 per hour. Other variable costs are anticipated to be $5.40 per hour, and annual fixed costs are expected to total $27,000.

1. Compute breakeven point in billable hours?
2. Compute the breakeven point in total billings?
3. Find the new breakeven point in total billings if fixed costs should go up by $2,340?
4. Using the original figures, compute the breakeven point in total billings if the billing rate decreases by $1 per hour, variable costs decrease by $0.40 per hour, and fixed costs go down by $3,600?

Reference no: EM13597065

Questions Cloud

Don is the beneficiary of a 50000 insurance policy on the : don is the beneficiary of a 50000 insurance policy on the life of his mother anna. to date anna has paid premiums of

The net income reported on the income statement for the : the net income reported on the income statement for the current year was 92000. depreciation recorded on store

Mcfriendly software recently developed new spreadsheet : mcfriendly software recently developed new spreadsheet software easy-calc which it intends to market by mail through

Predict the product if any of reaction between propanoyl : predict the product if any of reaction between propanoyl chloride and the following reagentsa li ph2 cu in etherb

Luce amp morgan a law firm in downtown jefferson city is : luce amp morgan a law firm in downtown jefferson city is considering opening a legal clinic for middle- and low-income

Assuming the overhead variance is material prepare the : mcdougal company uses a predetermined overhead rate to assign overhead to jobs. because mcdougals production is machine

Another client wynona decides that she will invest 5000 per : another client wynona decides that she will invest 5000 per year in a 6 annuity for the first ten years then 6000 for

There are no results for selected data derived from the : there are no results for selected data derived from the income statement and balance sheet of jones soda co. for a

Mccawl company has developed value-added standards for four : mccawl company has developed value-added standards for four activities purchasing parts receiving parts moving parts

User Account

All Pages