A local accounting firm employs 20 full-time professionals. The budgeted annual compensation per employee is $40,500. The average chargeable time is 500 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis. Other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are 5787,500, and the firm expects to have 90 clients during the coming year. If ten clients are lost and the workforce stays at 20 emplovees, then the direst labor cost rate per hour $15.00 per hour 518.00 per hour $17.50 per hour 1520.25 per hour