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Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $ 23,030 810 research hours Meeting with clients $ 1,336,368 7,593 meeting hours Preparing documents $ 94,390 5,910 documents The activity rate for the "meeting with clients" activity cost pool is closest to:

Respuesta :

Answer:

$176 per meeting hour

Explanation:

Given that,

For Meeting with clients:

Total Activity = 7,593 meeting hours

Total Cost = $1,336,368

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

= Total Cost of meeting with clients ÷ Number of meeting hours

= $1,336,368 ÷ 7,593

= $176 per meeting hour

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