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(Solution Download) Exercise 17-14 Lasso and Markowitz is a law firm that is initiating an activity-based costing system


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise 17-14

 

Lasso and Markowitz is a law firm that is initiating an

 

activity-based costing system. Sam Lasso, the senior partner and

 

strong supporter of ABC, has prepared the following list of

 

activities performed by a typical attorney in a day at the

 

firm.

 


 

Classify each of the activities listed by Sam Lasso as value-added

 

or nonAc??ovalue-added.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activities

 

 

Hours

 

Writing contracts and letters1.5

 

Non-value-addedValue-added

Attending staff meetings0.5

 

Non-value-addedValue-added

Taking depositions1.0

 

Non-value-addedValue-added

Doing research1.0

 

Non-value-addedValue-added

Traveling to/from court1.0

 

Non-value-addedValue-added

Contemplating legal strategy1.0

 

Non-value-addedValue-added

Eating lunch1.0

 

Non-value-addedValue-added

Litigating a case in court2.5

 

Non-value-addedValue-added

Entertaining a prospective client1.5

 

Non-value-addedValue-added

 


 

How much was value-added time? (Round answer to 1

 

decimal place, e.g. 2.1.)

 

 

 

 

 

 

 

 

 

 

Value-added time

 

 

hours

 


 

How much was nonAc??ovalueAc??oadded time? (Round answer to 1

 

decimal place, e.g. 2.1.)

 

 

 

 

 

 

 

 

 

 

NonAc??ovalueAc??oadded

 

 

hours

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 


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