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What are the budgeted direct-cost rate

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Question - For Buster & Buster Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours and data for 2019

 

Budget

Actual

Indirect costs

$270,000

$300,000

Annual salary of each attorney

$100,000

$110,000

Annual salary of each paraprofessional

$29,000

$30,000

Total professional labor hours

50,000dlh

60,000dlh

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

a. $27.00; $4.17

b. $29.80; $5.40

c. $32.40; $5.00

d. 1$27.00; $500

Reference no: EM132667970

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