Part $3$ of $9$

Points: $0\mathrm{.}11$ of $1$

Warren & Company is an architectural firm specializing in home remodeling for private clients and new office buildings for corporate clients. Warren charges customers at a billing rate equal to $126\%$ of the client's total job cost. A client's total job cost is a combination of $(1)$ professional time spent on the client $($ $$63$ per hour cost of employing each professional$)$ and $(2)$ operating overhead allocated to the client's job. Warren allocates operating overhead to jobs based on professional hours spent on the job. Warren estimates its five professionals will incur a total of $10,000$ professional hours working on client jobs during the year.

$($Click the icon to view the operating cost information.$)$

Meredith Blaz hired Warren & Company to design her kitchen remodeling. A total of $20$ professio hours were incurred on this job. In addition, Blaz's remodeling job required one of the professiona to travel back and forth to her house for a total of $140$ miles. The blueprints had to be copied four times because Blaz changed the plans several times. In addition, $20$ hours of secretarial time we used lining up the subcontractors for the job.

Read the

Requirement $1.$ Calculate the current indirect cost allocation rate per professional hour. $($Round your answer to the nearest cent.$)$

The current indirect cost allocation rate per professional hour is $,$$$22\mathrm{.}90$

Requirement $2.$ Calculate the total amount that would be billed to Meredith Blaz given the current costing structure.

Determine the formula, then calculate the amount that would be billed to Meredith Blaz given the current costing structure. $($Round all amounts to the nearest cent.$)$

Total cost of job

Markup percentage

$=$ Amount billed to client

$=$