Problem I Bendini Lambert & Locke, a small boutique law firm, employs 30 professionals (5 partners and 25 associates) who work directly with its clients. The average budgeted total compensation per professional for 2015 is S97,500. Each professional is budgeted to have 1,500 billable hours to clients in 2015. Al professionals work for clients to their maximum 1,500 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. All general costs of Bendini, Lambert& Locke, other than professional labor costs, are included in a single indirect- cost pool (legal support) and are allocated to jobs using professional labor-hours as the allocation base. The budgeted level of indirect costs in 2015 is $2,475,000. 1. Compute the 2015 budgeted direct-cost rate per hour of professional labor 2. Compute the 201s budgeted indirect-cost rate per hour of professonal labor. udgcted indirect-cost rate per hour of professional labor