Killkelly Associates, a law firm hires Altomney Wanda Hampton at an annual salary of $160,000. The law firm expects her to spend 1,600 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 14,000 direct labor hours this year Before the fiscal year begins, Killkelly estimates that the total indirect costs for the upcoming year will be $630,000 Read the resultements 1. What would be the hourly (cost) rate to Killkelly Associates of employing Hampton? Identify the correct formula and compute the hourly rate. Hourly rate 2. If Hampton works on Client 367 for 16 hours. What direct labor cost would be traced to Client 367? Identify the correct formula and compute the direct labor cost Direct labor cost X 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 367? 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 Total job costs for Client 367 - X i Requirements 1. What would be the hourly (cost) rate to Killkelly Associates of employing Hampton? 2. If Hampton works on Client 367 for 16 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 11