Solution-What are the actual? direct-cost rate and actual?

What are the actual? direct-cost rate and actual? indirect

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Reference no: EM132768453

Smith and Jones CPA firm employs 12 accountants and 10 paraprofessionals. Direct and indirect costs are applied on a professional? labor-hour basis that includes both attorney and paraprofessional hours. Following is information for? 2018:

                                                                      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 professional? labor-hours                                ?20,000 dlh   ?25,000 dlh

Problem 1: What are the actual? direct-cost rate and the actual? indirect-cost rate,? respectively, per professional? labor-hour?

A. ?$63.60; $12.40
B. ?$79.50; $12.40
C. ?$70.00; $14.50
D. ?$63.60; $11.60

Reference no: EM132768453

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What are the actual? direct-cost rate and actual? indirect

Reference no: EM132768453

Reference no: EM132768453

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