Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Researching legal issues Meeting with clients Preparing documents Total Cost Total Activity $ 20,780 $ 1,174,173 $ 92,140 660 research hours 7,293 meeting hours 5,760 documents The activity rate for the "meeting with clients" activity cost pool is closest to: Multiple Choice $90 per meeting hour $71 per meeting hour $161 per meeting hour $1,174,173 per meeting hour

Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter7: Planning And Goal Setting
Section: Chapter Questions
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Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below:
Activity Cost Pool
Researching legal issues
Meeting with clients
Preparing documents
Total Cost
Total Activity
$ 20,780
$ 1,174,173
$ 92,140
660 research hours
7,293 meeting hours
5,760 documents
The activity rate for the "meeting with clients" activity cost pool is closest to:
Multiple Choice
$90 per meeting hour
$71 per meeting hour
$161 per meeting hour
$1,174,173 per meeting hour
Transcribed Image Text:Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Researching legal issues Meeting with clients Preparing documents Total Cost Total Activity $ 20,780 $ 1,174,173 $ 92,140 660 research hours 7,293 meeting hours 5,760 documents The activity rate for the "meeting with clients" activity cost pool is closest to: Multiple Choice $90 per meeting hour $71 per meeting hour $161 per meeting hour $1,174,173 per meeting hour
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