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Stenback Consulting computes the cost of each consulting engagement by adding a portion of rmwide overhead costs to the labor cost of the consultants on the engagement. The overhead costs are assigned to each consulting engagement using a cost driver rate based on consultant labor costs. Stenback Consulting's overhead costs are $9.6 million per year, and total consultant labor cost is estimated at $3.2 million per year. Requirements (a) What is Stenback Consulting's cost driver rate? (b) If the consultant labor cost on an engagement is $21,000, what cost will Stenback Consulting compute as the total cost of the consulting engagement? E) Requirement (a) What is Stenback Consulting's cost driver rate? The cost driver rate is $D for each Requirement (b) If the consultant labor cost on an engagement is $21 ,000, what cost will Stenback Consulting compute as the total cost of the consulting engagement? The total cost of the consulting engagement is $|:|. Stenback Consulting computes the cost of each consulting engagement by adding a portion of rmwide overhead costs to the labor cost of the consultants on the engagement. The overhead costs are assigned to each consulting engagement using a cost driver rate based on consultant labor costs. Stenback Consulting's overhead costs are $9.6 million per year, and total consultant labor cost is estimated at $3.2 million per year. Requirements (a) What is Stenback Consulting's cost driver rate? (b) If the consultant labor cost on an engagement is $21,000, what cost will Stenback Consulting compute as the total cost of the consulting engagement? (3 Requirement (a) What is Stenback Consulting's cost driver rate? The cost driver rate is $|:| for each Requirement (b) If the consultant Ial what cost will Stenback Consulting compute as the total cost The total cost of the consulting engag $1 0f consultant labor costs. customer. specialized job