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What is the budgeted direct labor cost rate per? hour

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Question - A local accounting firm employs 27 full-time professionals. The budgeted annual compensation per employee is? $40,000. The average chargeable time is 400 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis.

Other costs are included in a single indirect-cost ?pool, allocated according to professional labor-hours.

Budgeted indirect costs for the year are? $782,000, and the firm expects to have 75 clients during the coming year.

What is the budgeted direct labor cost rate per? hour?

A. ?$36.00 per hour

B. ?$100.00 per hour

C. ?$3.70 per hour

D. ?$26.07 per hour

Reference no: EM133188543

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