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A law firm employs 8 full-time lawyers and 12 paraprofessionals. Budgeted salaries are $400,000 for each attorney and $90,000 for each paraprofessional. Budgeted indirect costs are $856,000. The company traces the cost of attorney and paraprofessional time to each client and uses the total to assign indirect costs.
Problem 1: If services to a client required $25,000 of attorney cost and $20,000 of paraprofessional cost, what amount of indirect cost would be assigned?
Property taxes for the factory will increase fixed costs by 4%. If sales prices are held constant, the next break-even point for Flying Cloud Co. will be
Diamondback Welding & Fabrication Corporation sells and services pipe. Journalize the entries to record the transactions for Diamondback.
What approach should be taken to include the department's fixed costs in the budget? If, after attaching the appropriate amount of fixed costs to each DRG
How do Compute the accounts receivable as of that date. Assume that the company will need a budgeted balance sheet as of June 30.
BatCo makes metal baseball bats. Each bat requires 1 kg. of aluminum at $ 18 per kg. and 0.25 direct labor hours at $ 20 per hour.
Compute depreciation for 20X3 - 20X7 by using the following methods: straight line, units of output, and double-declining-balance and management shortened the remaining service life of the machine to 20 months. Assuming use of the straight-line met..
Narchie sells a single product for $55. Variable costs are 60%, In order to produce a target profit of $29,700, Narchie's dollar sales must total
Capital budgeting decisions are risky. Research risks associated with capital budgeting and identify the three that you believe are the most significant risks.
Each debit to Work in Progress Inventory must be accompanied by a corresponding posting to one or more job cost sheets. True or False?
At what average monthly fee would demand equal zero? At what average monthly fee would supply equal zero? Plot the supply and demand curves.
Prepare the journal entries in 2017 for the under the following with the total franchise fee includes training services (with the value of $2,400)
Do you think B&D should account for depreciation on its manufacturing equipment the same way Wal-Mart accounts for depreciation
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