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What is the direct labour budgeted cost rate per hour?

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Reference no: EM132551161

A local attorney employs ten full-time professionals. The budgeted compensation per employee is $80,000. The maximum billable hours for each client are 400. Clients always receive their full amount of time. All professional labour costs are included in a single direct cost category and are traced to jobs on a per-hour basis. Any other costs are included in a single indirect cost pool, allocated according to professional labour-hours. Budgeted indirect costs for the year are $400,000 and the firm had 20 clients. (10 Marks)

Required:

Question 1: What is the direct labour budgeted cost rate per hour?

Question 2: What is the indirect cost pool budgeted cost rate per hour?

Reference no: EM132551161

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