Listen I have lots of work and just moved to an office and hired a new employee to help so I need to update my job costs. I pay myself $60,000 a year and the new employee $40,000 including all payroll costs and benefits. I assume I will have 1500 billable hours a year for me and the employee 2000 with the rest administration. With the new office out overhead costs have increased as well to $125,000 a year. What rate would I use for my hourly cost and for the employees hourly cost and what will we add to cover overhead. Using the information for the question before - how much is the cost of a job that will take 25 hours of my time and 75 hours of my employee's time, plus $2,000 in direct material bought specifically for this job