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Becky Joseph is a new staff accountant at Wilson & Associates. She is paid a salary of $68,200 per year and is expected to work
Becky Joseph is a new staff accountant at Wilson & Associates. She is paid a salary of $68,200 per year and is expected to work 2,200 hours per year on client jobs. The firm's indirect cost allocation rate is $26 per hour. The firm would like to achieve a profit equal to 25% of cost. 1. Convert Becky's salary to an hourly wage rate for billing purposes. 2. Calculate the professional billing rate Wilson & Associates would use for billing out Becky's services. 1. Convert Becky's salary to an hourly wage rate for billing purposes. Select the formula and enter the amounts to compute Becky's direct labor rate per hour. Direct labor rate v + per hour Choose from any list or enter any number in the input fields and then click Check Answer. ? 1 part Clear All remaining Check Answer Det 1. Convert Becky's salary to an hourly wage rate for billing purposes. Select the formula and enter the amounts to compute Becky's direct labor rate per hour. Direct labor rate 11 pen Desired profit Desired profit percentage Direct labor costs Direct labor hours Total indirect costs
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