The Following Information Has Been Gathered for Catalyst Legal Services

question 86

Multiple Choice

The following information has been gathered for Catalyst Legal Services for its fiscal year ending December 31: What is the predetermined office overhead rate per billable labor dollar?
$$\begin{array} { | l | r | } \hline \text { Actual office overhead costs } & \$ 1,275,500 \\\hline \text { Actual billable labor hours } & 44,600 \\\hline \text { Actual billable labor costs } & \$ 3,960,000 \\\hline \text { Estimated office overhead costs } & \$ 1,080,000 \\\hline \text { Estimated billable labor hours } & 48,000 \\\hline \text { Estimated billable labor costs } & \$ 4,320,000 \\\hline\end{array}$$

• A) 118.10%.
• B) 25.00%.
• C) 32.21%.
• D) 400.00%.

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Definitions:

Unauthorized Completion

The act of finishing or filling out a document or contract without the explicit authorization or consent of all parties involved.

Material Alteration

A significant change to a document or agreement that affects its legal obligations or rights.

Unauthorized Acquisition

Obtaining assets, data, or information without permission from the rightful owner or authority, which may involve breaches of security or law.

Dishonored

Refused; specifically, a payment that has been refused despite a holder presenting an instrument in a timely and proper manner.