Job Order Cost Accounting for a Service Company The law firm of Furian and Benson...

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Job Order Cost Accounting for a Service Company The law firm of Furian and Benson accumulates costs associated with individual cases, using a job order cost systerm. The following transactions occurred during July: July 3. Charged 550 hours of professianal (lawyer) time to the Obsidian Co. breech of contract sult to prepare for the trial, at a rate of $150 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $15,000. 14. Charged 330 hours of professional time for the Obsidian trial at a rate of $300 per hour. 18. Recelved invoice from consultants Wadsiey and Harden for $66,000 for expert testimony related to the Obsidian trial. 27. Applied office overhead at a rate of $60 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $37,500 for the month. 31. Used office supplies for the month, $12,700. 31. Pald professional salaries of $179,900 for the month. 31. Billed Obsidian $359,600 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. b. How much office overhead is over-or underapplied? 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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