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

Question

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

Quizplus · Accepted Answer

Meeting with clients activity rate: $1,182,239 ÷ 7,253 meeting hours = $163 per meeting hour

Data Concerning Three of the Activity Cost Pools of Salcido