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please find the direct labor rate and calculate the billing Jennifer Jackson is a new staff accountant at Browncroft & Associates. She is paid a
please find the direct labor rate and calculate the billing
Jennifer Jackson is a new staff accountant at Browncroft \& Associates. She is paid a salary of $56,700 per year and is expected to work 2,100 hours per year on client jobs. The firm's indirect cost allocation rate is $21 per hour. The firm would like to achieve a profit equal to 25% of cost. 1. Convert Jennifer's salary to an hourly wage rate for billing purposes. 2. Calculate the professional billing rate Browncroft \& Associates would use for billing out Jennifer's services. 1. Convert Jennifer's salary to an hourly wage rate for billing purposes. Select the formula and enter the amounts to compute Jennifer's direct labor rate per hour. 2. Calculate the professional billing rate Browncroft & Associates would use for billing out Jennifer's services. (Round all amounts to the nearest cent.) Step by Step Solution
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