User Account

All Pages

Dewey and cheatam is a law firm that is initiating an

Assignment Help Accounting Basics
Reference no: EM13599599

Dewey and Cheatam is a law firm that is initiating an activity-based costing system. Jim Dewey, the senior partner and strong supporter of ABC, has prepared the following list of activities performed by a typical attorney in a day at the firm.
Classify each activity as either value-added or non-value-added.

Activity Hours

  • Writing contracts and letters 1.0 value-addednon-value-added
  • Attending staff meetings 0.5 non-value-addedvalue-added
  • Taking depositions 1.0 non-value-addedvalue-added
  • Doing research 1.0 value-addednon-value-added
  • Traveling to/from court 1.0 value-addednon-value-added
  • Contemplating legal strategy 1.0 non-value-addedvalue-added
  • Eating lunch 1.0 value-addednon-value-added
  • Litigating a case in court 2.5 value-addednon-value-added
  • Entertaining a prospective client 2.0 non-value-addedvalue-added
  1. How much was value-added time?(Round answer to 1 decimal place, e.g. 10.5.)
  2. How much was non-value-added?(Round answer to 1 decimal place, e.g. 10.5.)

Reference no: EM13599599

Questions Cloud

The accuracy of accounting records is enhanced by the : the accuracy of accounting records is enhanced by the integrity of internal controls. comment on this statement and
Discuss why it is necessary for accountants to assume that : discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity
From the standpoint of the company as a whole should the : from the standpoint of the company as a whole should the ashton processing center be shut down and its work
Kala and leah partners in best designs have a capital : kala and leah partners in best designs have a capital balance of 40000 and 60000 respectively. adam joins the
Dewey and cheatam is a law firm that is initiating an : dewey and cheatam is a law firm that is initiating an activity-based costing system. jim dewey the senior partner and
Brown corp purchased 20 of the outstanding common stock of : brown corp purchased 20 of the outstanding common stock of taylor corp for 250000 on january 1 2011. brown corp has
A recent cover story in a national business magazine : a recent cover story in a national business magazine mentioned the to the hilt hotel chain tth as an example of how not
This problem is based on the 2006 annual report of intel : this problem is based on the 2006 annual report of intel corporation in the appendix. required a. compute the following
In its work in process account hill company had a beginning : in its work in process account hill company had a beginning balance of 425000. in the course of the month the work

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of dividends payable to preferred shareholders

Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of the preferred stock.

  What is required by the accounting standards

In recent years directors and CEOs of companies have been placing more importance on holistic reporting of company activities rather than simply reporting what is required by the Accounting Standards, the Corporations Act and other legislation.

  Nance co receives 280000 when it issues a 280000 6 mortgage

nance co. receives 280000 when it issues a 280000 6 mortgage note payable to finance the construction of a building at

  What are the acceptable inventory valuation methods under

what are the acceptable inventory valuation methods under the u.s. generally accepted accounting principles gaap?how

  Beaverhead creek inc bottles and distributes springwater on

beaverhead creek inc. bottles and distributes springwater. on march 4 of the current year beaverhead creek reaquired

  Murray company purchased 26800 in direct materials from

murray company purchased 26800 in direct materials from bartunek company terms 210 n30. prepare the journal entry to

  Eitf reporting implications for reporting

Assess how a company's accounting and financial reporting is likely to be impacted by the work being done by the EITF on this issue.

  Target costing in today business environment

The T&M company wants to expand internationally. The marketing department suggests starting with specialty stores in Italy since a survey indicates that American quality towels are appreciated in Italy. The current price is about 20% higher than c..

  Selling prices and costs of several products offered by mend

Fully address management's concerns as part of your written analysis using the new or the previous calculations to support your recommendation/explanation.

  Evaluate the cost recovery deduction

Bonnie did not elect to expense either of the assets under § 179, nor did she elect straight-line cost recovery. Determine the cost recovery deduction for 2007 for these assets.

  Products manufactures three types of remote-control devices

products manufactures three types of remote-control devices economy standard and deluxe. the company which uses

  Prepare the general journal entry to update depreciation to

prepare the general journal entry to update depreciation to july 1 2009. 2. prepare the general journal entry to record

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd