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Author Question: Financial Planning Partners Inc., employs 12 full-time CPAs and 10 paraprofessionals. Direct and ... (Read 180 times)

CORALGRILL2014

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on: Mar 6, 2021
Financial Planning Partners Inc., employs 12 full-time CPAs 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$300,000$309,000
Annual salary of each attorney$118,000$128,000
Annual salary of each paraprofessional$31,500$32,500
Total professional labor-hours50,000dlh56,000dlh

When using a normal costing system, year-end accounting records will show that indirect costs are ________.
◦ perfectly allocated
◦ underallocated
◦ within budget
◦ overallocated
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by CORALGRILL2014 on Mar 6, 2021

mtmmmmmk

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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CORALGRILL2014

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

TheDev123

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Reply 3 on: Yesterday
:D TYSM

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