Cristal Haymeyer, CPA, pays her new staff accountant, Anika, a salary equivalent to \($25\) per hour, while Cristal receives a salary equivalent to \($40\) per hour. The firm’s predetermined indirect cost allocation rate for the year is \($12\) per hour. Haymeyer bills for the firm’s services at 30% over cost. Assume Cristal works 5 hours and Anika works 10 hours preparing a tax return for Michele Meckfessel.

1. What is the total cost of preparing Meckfessel’s tax return?

2. How much will Cristal bill Meckfessel for the tax work?