Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $ 22,130 750 research hours Meeting with clients $ 1,270,410 7,473 meeting hours Preparing documents $ 93,490 5,850 documents The activity rate for the "meeting with clients" activity cost pool is closest to:

Question

Business

Alijah Olsen

29 April, 15:29

Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $ 22,130 750 research hours Meeting with clients $ 1,270,410 7,473 meeting hours Preparing documents $ 93,490 5,850 documents The activity rate for the "meeting with clients" activity cost pool is closest to:

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Answers (1)

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Ducky · Answer 1

Estimated manufacturing overhead rate (Meeting with clients) = $170 per hour

Explanation:

Giving the following information:

Activity Cost Pool - Total Cost - Total Activity

Researching legal issues $ 22,130 and 750 research hours

Meeting with clients $ 1,270,410 and 7,473 meeting hours

Preparing documents $ 93,490 and 5,850 documents

Estimated manufacturing overhead rate = total estimated overhead costs for the period / total amount of allocation base

Estimated manufacturing overhead rate (Meeting with clients) = 1,270,410/7,473 = $170 per hour