Holman Associates, a law firm, hires Attorney Lucy Jodoin 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 billing hours. Firm attorneys are expected to work a total of 22,000 direct labor hours this year. Before the fiscal year begins, Holman estimates that the total indirect costs for the upcoming year will be $880,000. Read the requirements 1. What would be the hourly (cost) rate to Holman Associates of employing Jodoin? Identify the correct formula and compute the hourly rate, Hourly rate