2. Calculate the professional billing rate McNamara & Associates would use for billing out Brianna's services. (Round all amounts to the nearest cent.)

Brianna Barney is a new staff accountant at McNamara & Associates. She is paid a salary of $68,200 per year and is expected to work 2,200 hours per year on client jobs. The firm's indirect cost allocation rate is $25 per hour. The firm would like to achieve a profit equal to 20% of cost. 1. Convert Brianna's salary to an hourly wage rate for billing purposes. Calculate the professional billing rate McNamara & Associates would use for billing out Brianna's services. 2. 1. Convert Brianna's salary to an hourly wage rate for billing purposes. Select the formula and enter the amounts to compute Brianna's direct labor rate per hour. Direct labor costs Direct labor hours = Direct labor rate 68,200 2,200 = $ 31 per hour 2. Calculate the professional billing rate McNamara & Associates would use for billing out Brianna's services. (Round all amounts to the nearest cent.) Plus: Total hourly cost Plus: Hourly billing rate for Brianna Barney