Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
sora sora
wrote...
Go to Answer
Posts: 324
Rep: 0 0
5 years ago
Legal Advisory Inc., employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2014:

BudgetActual
Indirect costs$270,000$300,000
Annual salary of each attorney$100,000$110,000
Annual salary of each paraprofessional$ 29,000$ 30,000
Total professional labor-hours50,000dlh60,000dlh

When using a normal costing system, year-end accounting records will show that indirect costs are ________.
A) perfectly allocated
B) underallocated
C) within budget
D) overallocated
Read 45 times
2 Replies
Replies
Answer verified by a subject expert
curry1curry1
wrote...
#1
Posts: 197
Rep: 32 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

sora Author
wrote...
#2
5 years ago
Helps a lot... Now I'm ready for my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1254 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 410
  
 102
  
 290
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Who will win the 2024 president election?