Asked by
Malia Slocum
on Nov 12, 2024
Verified
The following costs should be considered by a law firm to be indirect costs of defending a particular client in court: rent on the law firm's offices, the law firm's receptionist's wages, the costs of heating the law firm's offices, and the depreciation on the personal computer in the office of the attorney who has been assigned the client.
Indirect Costs
Expenses not directly tied to a specific product or service, such as utilities, rent, and administrative salaries, that are necessary for running the business.
Law Firm
A business entity formed by one or more lawyers to engage in the practice of law, offering services such as legal advice and representation.
- Acquire knowledge on the vital significance of both direct and indirect costs in the field of cost accounting.
Verified Answer
RS
Learning Objectives
- Acquire knowledge on the vital significance of both direct and indirect costs in the field of cost accounting.
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