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An accounting firm uses billable hours as the cost driver for their office-wide overhead rate and expect to incur the following costs for the upcoming

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An accounting firm uses billable hours as the cost driver for their office-wide overhead rate and expect to incur the following costs for the upcoming yea r: Direct labour $462,000 Office Overhead Expenses $245,000 Admin. Staff Overhead $355,000 Other budgeted data for the accounting firm forthe coming year includes: Budgeted Billabie hours 2000 Number of Clients Billed 23 At the end ofthe year the rm has actually billed 2067 hours to clients and actual overhead was as budgeted. Using the officewide overhead application rate, during the year how much Overhead was billed to a client for each billable hour recorded on their account

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