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Accounting

Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below:

Activity Cost Pools Total Cost Total Activity

Researching legal issues....... $20,480 640 research hours
Meeting with clients............. $1,182,239 7,253 meeting hours
Preparing documents........... $91,840 5,740 documents

The activity rate for the "meeting with clients" activity cost pool is closest to:

a) $95 per meeting hour

b) $61 per meeting hour

c) $163 per meeting hour

d) $1,182,239 per meeting hour

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M977994

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