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Author Question: Francis and Hartley Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and ... (Read 173 times)

gonzo233

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Francis and Hartley Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2018:

BudgetActual
Indirect costs$270,000$300,000
Annual salary of each attorney$100,000$110,000
Annual salary of each paraprofessional$29,000$30,000
Total professional labor-hours50,000dlh60,000dlh
How much should the client be billed in an actual costing system if 220 professional labor-hours are used?
◦ $5,940
◦ $7,744
◦ $8,228
◦ $7,040


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Marked as best answer by gonzo233 on Mar 6, 2021

Moriaki

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gonzo233

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


JaynaD87

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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