Using the Risk Matrix in the Unit Lesson, calculate the numerical risk level of each of the following severity/likelihood combinations and then place them in descending order of seriousness (assigning the highest calculated risk number as #1, and the lowest calculated risk number as #10). Severity: 1/ Likelihood: 1
Severity: Moderate damage / Likelihood: Very Unlikely
Severity: 1 / Likelihood: 3
Severity: 4 / Likelihood: Very Unlikely
Severity: First Aid / Likelihood: Very Likely
Severity: Moderate damage / Likelihood: Likely
Severity: Death / Likelihood: Likely
Severity: Severe Damage / Likelihood: 4
Severity: Five days away from work / Likelihood: Very Likely
Severity: 3 / Likelihood: 3

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.