Exercise 2.16 (LO4, 5, 6) Service Company Use of Predetermined Overhead Rate Smith and Baker Legal Services employs five full-time attorneys and nine paraprofessionals. Budgeted salaries are $300,000 for each attorney and $100,000 for each paraprofessional. Budgeted indirect costs (e. g., rent, secretarial support, copying, etc.) are $600,000. The company traces the cost of attorney and paraprofessional time to each client and uses the total to assign indirect costs. Required What amount of indirect cost would be assigned if services to a client required $25,000 of attorney cost and $20,000 of paraprofessional cost

Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent

The plastic flowerpots company has two manufacturing departments, molding and packaging. at the beginning of the month, the molding department has 2,100 units in inventory, 70% complete as to materials. during the month, the molding department started 18,500 units. at the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. units completed in the molding department are transferred into the packaging department. cost information for the molding department for the month follows: beginning work in process inventory (direct materials) $ 1,300 direct materials added during the month 28,900 using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (round "cost per equivalent unit of production" to 2 decimal places.)

17.     chef a says that garnish should be added to a soup right before serving. chef b says that garnish should be cooked with the other ingredients in a soup. which chef is correct? a. chef a is correct. b. both chefs are correct. c. chef b is correct. d. neither chef is correct. student c   incorrect which is correct answer?