Question
A local solicitor employs 13 full-time professionals. The budgeted compensation per employee is $97 000. The maximum billable hours for each client are 478. Clients
A local solicitor employs 13 full-time professionals. The budgeted compensation per employee is $97 000. The maximum billable hours for each client are 478. Clients always receive their full amount of time. All professional labour costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. Any other costs are included in a single indirect-cost pool, allocated according to professional labour-hours. Budgeted indirect costs for the year are $470 000 and the firm had 38 clients.
Compute the direct labour cost rate per hour for the 13 full-time professionals and enter the answer below
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