The law firm of Lyons & Lyons uses a job costing system to accumulate client-related costs. The indirect cost allocation rate is 80% of direct labor cost. Staff time is charged at a rate of $65 per labor hour. A recent job for a client involved 30 staff labor hours by staff lawyers.
Compute the cost of the job.

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The Answer of The law firm of Lyons & Lyons uses a job costing system to accumulate client-related costs. The indirect cost allocation rate is 80% of direct labor cost. Staff time is charged at a rate of $65 per labor hour. A recent job for a client involved 30 staff labor hours by staff lawyers.
Compute the cost of the job.

The Law Firm of Lyons & Lyons Uses a Job