Claudia Lawrence is a new staff accountant at Kaufmann & Associates. She is paid a salary of $65,000 per year and is expected to work 2,600 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 35% of cost. 1. Convert Claudia's salary to an hourly wage rate for billing purposes. Calculate the professional billing rate Kaufmann & Associates would use for billing out Claudia's services. 2. ..... 1. Convert Claudia's salary to an hourly wage rate for billing purposes. Select the formula and enter the amounts to compute Claudia's direct labor rate per hour. = Direct labor rate per hour