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Merlin Audit Services LLP, has two partners that each earn $150,000 per year, and eight associates that each earn $75,000 per year. Each partner and

Merlin Audit Services LLP, has two partners that each earn $150,000 per year, and eight associates that each earn $75,000 per year. Each partner and associate has 1,800 billable hours per year. Using a simplified costing approach, if an associate worked 30 hours on a project, the project should be billed:

$1500

$1800

$1250

$500

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