27 Dec The consulting firm of Reznick and Fedder accumula
The consulting firm of Reznick and Fedder accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during May:May 7 Charged 440 hours of professional (lawyer) time to the Daley Co. breech of contract suit to prepare for the trial, at a rate of $175 per hour.11 Reimbursed travel costs to employees for depositions related to the Daley case, $24,000.22 Charged 225 hours of professional time for the Daley trial at a rate of $250 per hour.25Received invoice from consultants Rucker and Putnam for $47,000 for expert testimony related to the Daley trial.30 Applied office overhead at a rate of $45 per professional hour charged to the Daley case.31 Paid secretarial and administrative salaries of $20,000 for the month.31 Used office supplies for the month, $6,000.31 Paid professional salaries of $55,000 for the month.31 Billed Daley $260,000 for successful defense of the case.a. Provide the journal entries for each of the above transactions.b. How much office overhead is over- or underapplied?c. Determine the gross profit on the Daley case, assuming that over- or underapplied office overhead is closed annually to cost of services.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.