the law firm of smith & jones has a staff of 32 lawyers and administrative staff. budgeted total costs of the firm total $4,200,000 of which $3,100,000 is direct-labor costs. Assuming that the remaining costs are indirect and direct-labor cost is the allocation base, calculate the budgeted indirect cost rate.

The law firm of Smith & Jones has a staff of 32 lawyers and administrative staff. Budgeted total costs of the firm total $4,200,000 of which $3,100,000 is direct-labor costs. Assuming that the remaining costs are indirect and direct -labor cost is the allocation base, calculate the budgeted indirect cost rate. OA, 74% of direct-labor cost OB, 135% of direct-labor cost C. 26% of direct-labor cost OD, 35% of direct-labor cost