Question content area top

Part $1$

JohnsonJohnson $$Associates$,$ a law$$ firm, hires Attorney DinaDina MartinMartin at an annual salary of $ $175$ comma $000$$$175,000.$ The law firm expects her to spend $2$ comma $5002,500$ hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney billing hours. Firm attorneys are expected to work a total of $30$ comma $00030,000$ direct labor hours this year. Before the fiscal year$$ begins, JohnsonJohnson estimates that the total indirect costs for the upcoming year will be $ $900$ comma $000$$$900,000.$

Read the requirements. LOADING...

Question content area bottom

Part $1$

$1.$ What would be the hourly$($cost$)$ rate to JohnsonJohnson Associates of employing MartinMartin$?$

Identify the correct formula and compute the hourly rate.

$-$:

$=$

Hourly rate

$-$:

$=$