Riverside LLP, a law firm, uses job-order costing to track the costs of its legal...
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Riverside LLP a law firm, uses joborder costing to track the costs of its legal cases. There were no cases in process at the beginning of April. Listed below are data concerning the three cases handled during April: BennettHarrisonMorganDirect materials$$$Attorney labour costs$$$Attorney hoursOverhead costs are allocated to cases based on attorney hours. The firm estimates its annual attorney labor costs to be $ based on a total of attorney hours, while the estimated overhead expenses for the year amount to $ As of the end of April, the Bennett case is the only one still in progress, and the actual overhead costs for the month totaled $Required Determine the cost assigned to each case job marks Determine the balance of the Work in Process account at the end of April. mark Determine the balance of the Overhead account at the end of April. Indicate if it is a debit or credit balance and if overhead is under or over applied. marksAnswer text Question Rich text editor BennettHarrisonMorganDirect materials Attorney labr costs Applied Overhead Total Cost
Riverside LLP a law firm, uses joborder costing to track the costs of its legal cases. There were no cases in process at the beginning of April. Listed below are data concerning the three cases handled during April: BennettHarrisonMorganDirect materials$$$Attorney labour costs$$$Attorney hoursOverhead costs are allocated to cases based on attorney hours. The firm estimates its annual attorney labor costs to be $ based on a total of attorney hours, while the estimated overhead expenses for the year amount to $ As of the end of April, the Bennett case is the only one still in progress, and the actual overhead costs for the month totaled $Required Determine the cost assigned to each case job marks Determine the balance of the Work in Process account at the end of April. mark Determine the balance of the Overhead account at the end of April. Indicate if it is a debit or credit balance and if overhead is under or over applied. marksAnswer text Question Rich text editor BennettHarrisonMorganDirect materials Attorney labr costs Applied Overhead Total Cost
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