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Job Order Cost Accounting for a Service Company The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July July 3. Charged 175 hours of professional (lawyer) time at a rate of $150 per hour to the Obsidian Co. Breech of contract suit to prepare for the 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $12,500 14. Charged 260 hours of professional time for the Obsidian trial at a rate of $185 per hour 18. Received involce from consultants Wadsley and Harden for $30,000 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $62 per professional hour charged to the Obsidian case 31. Pald administrative and support salaries of $28,500 for the month 31. Used office supplies for the month, $4,000 31. Paid professional salaries of $74,350 for the month 31. Billed Obsidian $172,500 for successful defense of the case a. Provide the journal entries for each of these transactions. If an amount box does not require an entry, leave it blank July 3 July 10 July wy July 27 July 31 Admin, sal A V II II II II II II III II II II II II II II July 31 Supplies July 31 Prof. sal July 31 Billed July 31 Admin, sal July 31 Supplies July 31 Prof. sal July 31 Billed July 31 Cost b. How much office overhead is over or underappled? Enter your answer as a positive number c. Determine the gross profit on the Obsidian case, assuming that over or underapplied office overhead is closed monthly to cost of services

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