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determine the total cost assigned to each case as of march 31 2010 641804

(Cost accumulation; assigning costs to jobs) The law firm of Taub & Lawson,LLP, currently has four cases in process. Following is information related to those cases as of the end of March 2010:

Case #1

Case #2

Case #3

Case #4

Direct material

$480

$8,800

$3,700

$850

Direct labor hours ($190 per hour)

40

90

70

15

Estimated court hours

12

65

120

40

Taub & Lawson allocates overhead to cases based on a predetermined rate of $150 per estimated court hour.

a. Determine the total cost assigned to each case as of March 31, 2010.

b. Case #3 was completed at the end of April 2010. At that time, $10,100 of direct materials had been used and 174 direct labor hours had been incurred. Of the

DLHs, 72 had been spent in court. Taub & Lawson’s policy is to charge client costs plus 45 percent. What amount will be billed to the client involved in Case #3?

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