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14 April, 14:25

Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $ 22,130 750 research hours Meeting with clients $ 1,270,410 7,473 meeting hours Preparing documents $ 93,490 5,850 documents The activity rate for the "meeting with clients" activity cost pool is closest to:

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  1. 14 April, 14:50
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    Estimated manufacturing overhead rate (Meeting with clients) = $170 per hour

    Explanation:

    Giving the following information:

    Activity Cost Pool - Total Cost - Total Activity

    Researching legal issues $ 22,130 and 750 research hours

    Meeting with clients $ 1,270,410 and 7,473 meeting hours

    Preparing documents $ 93,490 and 5,850 documents

    Estimated manufacturing overhead rate = total estimated overhead costs for the period / total amount of allocation base

    Estimated manufacturing overhead rate (Meeting with clients) = 1,270,410/7,473 = $170 per hour
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