Salvatore LLC provides a wide variety of legal services and uses an activity-based costing system. Data from its activity-based costing system for all services follows:Activity cost poolTotal costTotal activityResearch$173,2006200Hours of paralegal timeClient meetings$345,3003900Number of meeting hoursCourt filing fees$303,5001600Number of casesDocument preparation$145,6004900Number of documentsThe cost pool activity rate for client meetings is Question 17 options: $88.54 per meeting hour. $7.08 per meeting hour. $58.29 per meeting hour. $27.94 per meeting hour.

Cost pool activity rate = Total client meetings cost/Number of meeting hours

Answered: Salvatore LLC provides a wide variety…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 19E

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Question

Salvatore LLC provides a wide variety of legal services and uses an activity-based costing system. Data from its activity-based costing system for all services follows:

Activity cost pool

Total cost

Total activity

Research	$173,200	6200	Hours of paralegal time
Client meetings	$345,300	3900	Number of meeting hours
Court filing fees	$303,500	1600	Number of cases
Document preparation	$145,600	4900	Number of documents

The cost pool activity rate for client meetings is