Question: Revenues $ 2 0 , 0 0 0 , 0 0 0 Total costs: Direct costs Professional labour $ 5 , 0 0 0 ,

Revenues $20,000,000 Total costs: Direct costs Professional labour $5,000,000 Indirect costs Client support 13,000,00018,000,000 Operating income $2,000,000 Calculate the markup rate as a percentage of professional labour costs. Determine the formula, and then compute the budgeted indirect-cost rate for Turner Partners. (Round the percentage to the nearest hundredth percent, X.XX%.) Part 3(/)= Budgeted indirect-cost rate (/)=%

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