labor cost

Project Description:

a local attorney employs ten full-time professionals. the budgeted compensation per employee is $80,000. the maximum billable hours for each client are 400. clients always receive their full amount of time. all professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. any other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. budgeted indirect costs for the year are $400,000 and the firm had 20 clients.

a. what is the direct-labor-cost rate per hour?
b. what is the indirect-cost rate per hour?
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Project Stats:

Price Type: Negotiable

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