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The consulting firm Blossom Financial employs 46 full-time staff. The estimated compensation per employee is $113,400 for 1,800 hours. It charges all direct labour
The consulting firm Blossom Financial employs 46 full-time staff. The estimated compensation per employee is $113,400 for 1,800 hours. It charges all direct labour costs to clients. It includes any other costs in a single indirect cost pool and allocates them based on labour hours. Actual indirect costs were $855,700. Estimated indirect costs for the coming year are $1,410,000. The firm expects to have 70 clients in the coming year. (a) Your answer is incorrect Determine the overhead rate per direct labour hour. (Round anwer to 2 decimal places, eg 2.25) Overhead rate per direct labour hour 63
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