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This is very urgent. Please help me to answer the question based on the requirements. Thank you for your understanding. Please do not copy the answers from questions posted before as they are not helpful
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Data table
The average budgeted total compensation per professional for is $ Each professional is
budgeted to have billable hours to clients in All professionals work for clients to their
maximum billable hours available. All professional labor costs are included in a
single directcost category and are traced to jobs on a perhour basis. All costs of Kahn & Associates
other than professional labor costs are included in a single indirectcost pool legal support and are
allocated to jobs using professional laborhours as the allocation base. The budgeted level of indirect
costs in is $
The cost estimates for the Richardson, Inc. job, which requires budgeted hours of professional
labor and for the Punch, Inc. job, which requires budgeted hours of professional labor are
as follows:
Requirement Compute the budgeted directcost rates for a professional partners and b professional associates
Begin by selecting the formula, then enter the amounts to compute both rates. Abbreviations used: Assoc. Associate.
More info
This review included a detailed analysis of how past jobs used the firm's resources
and interviews with personnel about what factors drive the level of indirect costs.
Management concluded that a system with two directcost categories professional
partner labor and professional associate labor and two indirectcost
categories general support and secretarial support would yield more accurate job
costs.
Data table
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