Kate Adam is a new staff accountant at McNamara & Associates. She is paid a salary of $$54,600$ per year and is expected to work $2,100$ hours per year on client jobs. The firm's indirect cost allocation rate is $$25$ per hour. The firm would like to achieve a profit equal to $25\%$ of cost$.$

Convert Kate's salary to an hourly wage rate for billing purposes.

Calculate the professional billing rate McNamara & Associates would use for billing out Kate's services.

Convert Kate's salary to an hourly wage rate for billing purposes.

Select the formula and enter the amounts to compute Kate's direct labor rate per hour.

$\backslash$table$[[$Direct labor costs,$+,$Direct labor hours,$=,],[,+,2100,,$per hour$]]$

Calculate the professional billing rate McNamara & Associates would use for billing out Kate's services. $($Round all amounts to the nearest cent.$)$

Plus:

Total hou

Plus:

Hourly billing rate for Kate Adam