Question 1 Which of the following costs should be considered

Question 1 Which of the following costs should be considered by a law firm to be a direct cost of defending a particular client in court? 0 a. Depreciation on the attorney\'s computer O b.Rent on the law firm\'s offices O c. General office supplies used in the law firm O d Paralegal wages for the time spent researching the case

Solution

Q1. Answer is d. Paralegal wages ffor the time spent researching the case. Q4. Answer is False Q5. Answer is True. Q6. Annswer is False Q7. Answer is True. Q8. Answer is False. Q9. Answer is False. It is a selling cost and hence Period c ost. Q10. Answer is d. The Assumption about fixed and variable cost behavior are reasonably Valid.