Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 9.00

Lasso and Markowitz

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 letters   1.5   Non-value-addedValue-added
Attending staff meetings   0.5   Non-value-addedValue-added
Taking depositions   1.0   Non-value-addedValue-added
Doing research   1.0   Non-value-addedValue-added
Traveling to/from court   1.0   Non-value-addedValue-added
Contemplating legal strategy   1.0   Non-value-addedValue-added
Eating lunch   1.0   Non-value-addedValue-added
Litigating a case in court   2.5   Non-value-addedValue-added
Entertaining a prospective client   1.5   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
 

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Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 03:08 PM My Price 9.00

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