Selzer & Hollinger, a low-cost legal firm, has set time standards for each of the two basic legal services it offers, which include the following:

Over the past month, Selzer & Hollinger has handled 40 business incorporations and 30 wills. Actual hours and costs follow:

Required
a. Calculate the labor rate and labor efficiency variances for attorneys doing business incorporations.
b. Calculate the labor rate and labor efficiency variances for attorneys preparing wills.
c. Calculate the labor rate and labor efficiency variances for paralegals assisting with business incorporations.
d. Calculate the labor rate and labor efficiency variances for paralegals assisting with wills.

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Paralegal Time Attorney Time Business incorporation 2.5 hours $125 per hour4 hours$38 per hour 1.5 hour $175 per hour Will preparation 3 hours@$25 per hour Costs of Attorneys Costs of Paralegals 35 hours@ $40 average paralegal cost per hour 95 hours$30 average paralegal cost per hour Business incorporation 92 hours$140 average1 attorney cost per hour 38 hours$180 average attorney cost per hour Will preparation