Question: can you help me explain how to get the answer? Assignment: Calculate the standard hourly billing rate to be charged to the Hourly Rates- client.

can you help me explain how to get the answer?
Assignment: Calculate the standard hourly billing rate to be charged to the Hourly Rates- client. For this calculation you need to calculate three items: (1) total cost of Rate Charged 6 service hourly cost of service at standard, (2) total cost of service hourly cost to Client of service at utilization, and (3) the total rate per hour to be charged to a (Standard) client. The multiple is 3.2. FACTS: 1 Base Salary is $110,500 2 Bonus is $5,000 3 Total Benefits equal 35% of compensation 4 Allocations equal 7% of compensation 5 Projected Utilization is 90% ANSWER: Standard Billing Rate = $259 Standard Cost of Service = $78 Billing Rate at Utilization = $275 Standard Cost of Service = $86 Assignment: Calculate the standard hourly billing rate to be charged to the Hourly Rates- client. For this calculation you need to calculate three items: (1) total cost of Rate Charged 6 service hourly cost of service at standard, (2) total cost of service hourly cost to Client of service at utilization, and (3) the total rate per hour to be charged to a (Standard) client. The multiple is 3.2. FACTS: 1 Base Salary is $110,500 2 Bonus is $5,000 3 Total Benefits equal 35% of compensation 4 Allocations equal 7% of compensation 5 Projected Utilization is 90% ANSWER: Standard Billing Rate = $259 Standard Cost of Service = $78 Billing Rate at Utilization = $275 Standard Cost of Service = $86Step by Step Solution
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