Smith and Jones CPA firm employs 12 accountants and 10 paraprofessionals. Direct and indirect costs are applied on a professional

laborminushour

basis that includes both attorney and paraprofessional hours. Following is information for 2018:

	Budget		Actual
Indirect costs	$ 300 comma 000$300,000		$ 330 comma 000$330,000
Annual salary of each attorney	$ 100 comma 000$100,000		$ 120 comma 000$120,000
Annual salary of each paraprofessional	$ 28 comma 000$28,000		$ 30 comma 000$30,000
Total professional laborminushours	40 comma 00040,000	dlh	50 comma 00050,000	dlh

What are the actual

directminuscost

rate and the actual

indirectminuscost

rate, respectively, per professional

laborminushour?

A.

$ 34.80$34.80;

$ 6.00$6.00

B.

$ 43.50$43.50;

$ 6.60$6.60

C.

$ 37.00$37.00;

$ 7.50$7.50

D.

$ 34.80$34.80;

$ 6.60