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A large audit firm has two support departments (Legal Services and General Support), which it regards as cost pools. The total hours worked by the
A large audit firm has two support departments (Legal Services and General Support), which it regards as cost pools. The total hours worked by the audit firm during 2014 were 154,000 . The total costs amounted to 30,714,807. Complete the required information below to calculate a rate per unit to allocate the support department costs to audits. First calculate a cost rate: Indirect cost rate =1= (round to two decimals)
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