Indigo, Reiser, and Associates, a law firm, employs ABC. The following Estimated data for each of the activity cost pools is provided for 2022 Activity Cost Pools Researching legal issues Preparing legal documents Meeting with clients Estimated Overhead Total overhead applied $ $ 52,170 594,000 1,783,980 Estimated Use of Cost Drivers per Activity 1,110 research hours 33,000 pages 9,010 professional hours During 2022, the firm worked 870 research hours, 10,210 professional hours, and prepared 27,100 document pages. Compute the total overhead applied during the year 2022.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Indigo, Reiser, and Associates, a law firm, employs Activity-Based Costing (ABC). The following estimated data for each of the activity cost pools is provided for 2022:

| Activity Cost Pools        | Estimated Overhead | Estimated Use of Cost Drivers per Activity |
|----------------------------|--------------------|--------------------------------------------|
| Researching legal issues   | $52,170            | 1,110 research hours                       |
| Preparing legal documents  | $594,000           | 33,000 pages                               |
| Meeting with clients       | $1,783,980         | 9,010 professional hours                   |

During 2022, the firm worked 870 research hours, 10,210 professional hours, and prepared 27,100 document pages.

Compute the total overhead applied during the year 2022.

Total overhead applied: $ _______
Transcribed Image Text:Indigo, Reiser, and Associates, a law firm, employs Activity-Based Costing (ABC). The following estimated data for each of the activity cost pools is provided for 2022: | Activity Cost Pools | Estimated Overhead | Estimated Use of Cost Drivers per Activity | |----------------------------|--------------------|--------------------------------------------| | Researching legal issues | $52,170 | 1,110 research hours | | Preparing legal documents | $594,000 | 33,000 pages | | Meeting with clients | $1,783,980 | 9,010 professional hours | During 2022, the firm worked 870 research hours, 10,210 professional hours, and prepared 27,100 document pages. Compute the total overhead applied during the year 2022. Total overhead applied: $ _______
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