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What are the actual direct-cost rate

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Question - Smith and Jones CPA firm employs 12 accountants and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2018:

Budget Actual

Indirect costs $290,000 $310,000

Annual salary of each attorney $90,000 $105,000

Annual salary of each paraprofessional $32,000 $33,000

Total professional labor-hours 20,000 dlh 25,000 dlh

What are the actual direct-cost rate and the actual indirect-cost rate, respectively, per professional labor-hour?

A. $63.60; $12.40

B. $79.50; $12.40

C. $70.00; $14.50

D. $63.60; $11.60

Reference no: EM132758402

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