Copy of Ch03-1 - Student Name: Class: Problem 3-25 Wood...

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Student Name: Class: Problem 3-25 in T HOBART, EVANS, AND NIX Computations 1) 1. Estimated overhead cost Estimated amount of allocation base Per hour Litigation predetermined overhead rate: Estimated overhead cost Estimated amount of allocation base Direct attorney cost (as percentage) 2) 2. Overhead cost applied to case 418-3: Litigation overhead applied Total overhead cost 3) 3. Total cost of case 418-3: Departments Documents Litigation Total Legal forms and supplies Direct Attorney Cost Overhead cost applied Total cost 4) 4. Under- or overapplied overhead: Documents Litigation Departmentas overhead cost incurred Departmentas overhead cost applied: Underapplied (or overapplied) overhead
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Given Data P03-25: HOBART, EVANS, AND NIX Department Litigation Documents Estimates, beginning of year: Research-hours 24,000 - Direct attorney-hours 9,000 18,000 $16,000 $5,000 Direct attorney cost $450,000 $900,000 Department overhead cost $840,000 $360,000 Case 4108-3: Research-hours 26 - Direct attorney-hours 7 114 $80 $40 Direct attorney cost $350 $5,700 Actual data for all jobs during year: Research-hours 26,000 - Direct attorney-hours 8,000 15,000 $19,000 $6,000 Direct attorney cost $400,000 $750,000 Department overhead cost $870,000 $315,000
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Copy of Ch03-1 - Student Name: Class: Problem 3-25 Wood...

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