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7) A company currently has 30 full-time employees. Actual time for each employee was as follows. billable time for clients vacation time professional development Fronbillable

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7) A company currently has 30 full-time employees. Actual time for each employee was as follows. billable time for clients vacation time professional development Fronbillable time sick leave 2,000 hours 200 hours 175 hours O hours 125 hours Consumer demand for the company's services is at 100 percent of time available. Each employee receives a salary of $75,000 per year. What is the total actual indirect cost allocation rate if management believes that clients should be charged for the employees' benefits? A) $10.00 B) $6.67 C) $30.00 D) $6.00 E) $3750

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