Brianna Lawrence is a new staff accountant at Wilson & Associates. She is paid a salary of $66,000 per year and is expected to work 2,200 hours per year on client jobs. The firm's indirect cost allocation rate is $25 per hour. The firm would like to achieve a profit equal to 30% of cost. 1. Convert Brianna's salary to an hourly wage rate for billing purposes. 2. Calculate the professional billing rate Wilson & Associates would use for billing out Brianna's services. 1. Convert Brianna's salary to an hourly wage rate for billing purposes. Select the formula and enter the amounts to compute Brianna's direct labor rate per hour. Direct labor costs Direct labor hours Direct labor rate $ 66,000 2,200 = 30 per hour 2. Calculate the professional billing rate Wilson & Associates would use for billing out Brianna's services. (Round all amounts to the nearest cent.) Direct labor hours 30 Plus: 25 Indirect cost allocation rate per hour 55 Total hourly cost Plus: Profit markup 16.50 Hourly billing rate for Brianna Lawrence 71.50