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A law firm employs8full-time lawyers and12paraprofessionals. Budgeted salaries are $400,000for each attorney and $90,000for each paraprofessional. Budgeted indirect costs are $856,000. The company traces the
A law firm employs8full-time lawyers and12paraprofessionals. Budgeted salaries are $400,000for each attorney and $90,000for each paraprofessional. Budgeted indirect costs are $856,000. The company traces the cost of attorney and paraprofessional time to each client and uses the total to assign indirect costs.
If services to a client required $25,000of attorney cost and $20,000of paraprofessional cost, what amount of indirect cost would be assigned ?
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