What amount of indirect cost would be assigned

Assignment Help Managerial Accounting
Reference no: EM132766164

Question - Smith and Baker Legal Services employs 8 full-time attorneys and 12 paraprofessionals. Budgeted salaries are $400,000 for each attorney and $90,000 for each paraprofessional. Budgeted indirect costs (e.g., rent, secretarial support, copying, etc.) are $856,000. The company traces the cost of attorney and paraprofessional time to each client and uses the total to assign indirect costs. What amount of indirect cost would be assigned if services to a client required $25,000 of attorney cost and $20,000 of paraprofessional cost?

Reference no: EM132766164

Questions Cloud

Most effective or efficient methodology : What are some notable reasons why agile would not be the most effective or efficient methodology?
Implementing the healthcare information system : Explain legal and regulatory requirements for implementing the healthcare information system.
How much is the accumulated depreciation balance : The company ends its fiscal year September 30, 2011. How much is the accumulated depreciation balance at the end of fiscal year ended September 30, 2013
Analyze the cost of each of this alternatives : An 14% rate of interest that is discounted plus a 20% compensating balance requirement. Analyze the cost of each of this alternatives
What amount of indirect cost would be assigned : What amount of indirect cost would be assigned if services to a client required $25,000 of attorney cost and $20,000 of paraprofessional cost
Describe the economic characteristics of sunk costs : Describe the economic characteristics of sunk costs and opportunity costs and explain the impact that these costs may have on decisions
What are share splits and what accounting entries necessary : What are share splits and what accounting entries are necessary when a share split is undertaken? Are preference shares debt or equity
Determine the depreciation for each of the first two years : A Kubota tractor acquired on January 8 at a cost of $189,000 has an estimated useful life of 10 years. Determine the depreciation for each of first two years
Discuss the accounting treatment in relation to provisions : Discuss the accounting treatment in relation to provisions, contingent liabilities and contingent assets required by PAS 37

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare journal entry to record each of previous transaction

How does the process costing system used here differ from a job costing system? Prepare journal entries to record each of the previous transactions

  Find simple rate of return on the investment is closest to

The annual depreciation on the new machine would be $89,600. The simple rate of return on the investment is closest to (Ignore income taxes.)

  Discuss any four performance measurement systems

Outline and discuss any four performance measurement systems that can be usefully developed and used by multinational corporations.

  Provide examples where the choice of accounting methods

Provide up to 5 examples where the choice of accounting methods or accounting estimates increases the profit reported in the financial statements.

  What was the variable rate per unit of output

February, utility cost is a mixed cost, and the fixed cost of utilities was $2,000. What was the variable rate per unit of output for utilities cost?

  What were total manufacturing costs incurred for the month

What were total manufacturing costs incurred for the month? What was the cost of goods manufactured during the month? What was the cost of goods sold

  Make income statement for the month of june

Financial data,Make income statement for the month of June and a balance sheet in account format for Safety Hire as at 30 June 2019.

  Compute the companys labor efficiency variance

Compute the company's labor rate variance. Compute the company's labor efficiency variance. An extremely large order of radon mitigation pumps was filled during the month for exportation to Saudi Arabia.

  Find the contribution margin ratio

Michigan Company sells 10,000 units at $100 per unit. Variable costs are $75 per unit, and fixed costs are $125,000. Find the contribution margin ratio

  Find what amount of office supply purchased during february

Sanchez Accounting Services, If the office supplies expense for the month is $1,900, what amount of office supplies was purchased during February?

  What is the contribution margin for job

What is the contribution margin for Job #1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)?

  Determine the amount of factory overhead to be applied

Determine the amount of factory overhead to be applied to production for May in the Feather department using actual machine hours costs for May.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd