Cost Accounting
Dye and Dye attorneys each bill 1500 hours per year and receive pay of $100,000. 4 paralegals work 2,000 hours each for the firm and receive annual pay of $32,500. Overhead of $396,000 is anticipated of which $204,000 is attorney support and the rest is paralegal support.
Determine the overhead application rate under each of the following circumstances
a. Simplified cost approach is used based on hours
b. Simplified cost
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University of Phoenix
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21 Nov 2015