Lawrence and Louis Law Firm uses activity-based costing to determine the costs of its cases.Information about costs follow:
The Laurel case required 60 professional hours,20 of which were partner hours,and labor costs totaled $10,000.If direct costs relating to the case were $1,000,what were the total costs of the Laurel case?
A) $23,000
B) $25,500
C) $21,500
D) $15,500
Correct Answer:
Verified
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