Smith and Jones CPA firm employs 12 accountants and 10 paraprofessionals. Direct and indirect costs are applied on a professionallabor-hour basis that includes both attorney and paraprofessional hours. Following is information for2018:

Budget

Actual

Indirect costs

$290,000

$310,000

Annual salary of each attorney

$90,000

$105,000

Annual salary of each paraprofessional

$32,000

$33,000

Total professionallabor-hours

20,000

dlh

25,000

dlh

What are the actualdirect-cost rate and the actualindirect-cost rate,respectively, per professionallabor-hour?

A.

$63.60; $12.40

B.

$79.50; $12.40

C.

$70.00; $14.50

D.

$63.60; $11.60