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Lawyer Sophia is paid a salary of $100,000 per year. The law firm expects her to spend 2,000 hours a year performing legal work for

Lawyer Sophia is paid a salary of $100,000 per year. The law firm expects her to spend 2,000 hours a year performing legal work for clients (50 weeks X 40 hours per week). Therefore, for job costing purposes, the law firm converts her annual salary to an hourly cost rate

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