Foley Associates, a law firm, hires Attorney Marissa Remillard at an annual salary of $190,000. The law firm expects her to spend 2,000 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney billing hours. Firm attorneys are expected to work a total of 14,000 direct labor hours this year. Before the fiscal year begins, Foley estimates that the total indirect costs for the upcoming year will be $420,000. Read the requirements. 1. What would be the hourly (cost) rate to Foley Associates of employing Remillard? Identify the correct formula and compute the hourly rate. Hourly rate + 2. If Remillard works on Client 367 for 18 hours, what direct labor cost would be traced to Client 367? Identify the correct formula and compute the direct labor cost. Direct labor cost = 3. What is the indirect cost allocation rate? Identify the correct formula and compute the total indirect cost allocation rate. = Hourly rate Choose from any list or enter any number in the input fields and then continue to the next