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Data concerning three of the activity cost pools of Pembrooke LLC, a legal firm, have been provided below: Activity cost pools Total activity Total cost Research legal issues 680 research hours $29,920 Meet with clients 5,324 meeting hours $665,500 Preparing documents 6,490 documents $116,820 What is the activity rate for the "research legal issues" activity cost pool?

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Answer and Explanation:

The calculation of the activity rate for the "research legal issues" activity cost pool is given below:

= Total research legal issued cost ÷ total activity

= $29,920 ÷ 680

= $44

hence, the activity rate for the "research legal issues" activity cost pool is $44

The same should be considered and relevant

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