Holman Associates, a law fimm. hires Attomey Anita Green at an annual salary of $133,000. The law firm expects her to spend 1,900 hours a year performing legal work for clients. Indirect costs are assigned to clients based on attorney biling hours. Firm attorneys are expected to work a total of 12,000 direct labor hours this year. Before the fiscal year begins, Holman estimates that the total indirect costs for the upcoming year will be $180,000. Read the cenuirement PEID employing Green? 1. What would be the hourly (cost) rate to Holman Associates Identify the correct formula and compute the hourly rate. = Hourly rate 2. If Green works on Client 367 for 18 hours, what direct labor cost would traced 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 4. What indirect costs will be allocated to Client 3677 Identify the correct formula and compute the total indirect costs traced to Client 367 Indirect costs billed 5. What is the total job cost for Client 367? Select the cost labels and compute the total job cost for Client 367. Requirements 1. What would be the hourly (cost) rate to Holman Associates of employing Green? 2. If Green works on Client 367 for 18 hours, what direct labor cost would be traced to Client 367? 3. What is the indirect cost allocation rate? 4. What indirect costs will be allocated to Client 367? 5. What is the total job cost for Client 367? Print Done