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Hello, can someone help me with the following problem? 1. compute the activity-based costing...

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Accounting

Hello, can someone help me with the following problem?

1. compute the activity-based costing rates for the law firm.

2. compute the budgeted overhead rates for each of the three cost pools.

The partners of Oops and Whynot, attorneys-at-law, decide to implement an activity-based costing system for their firm. They identify the following three cost pools and budgeted amounts for each for the coming year:
fringe benefits: $450,000
paralegal support: $300,000
research support:$750,000
It is determined that the best cost driver for each is as follows:
for fringe benefits: professional labor dollars - $1,800,000
for paralegal support: partner labor hours - 4,000
for research support: professional labor hours - 20,000.
Compute the budgeted overhead rates for each of the three cost pools.
Cost Pool Budgeted Costs Cost Drivers Budgeted Rate
Fringe Benefits
Paralegal Support
Research Support

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