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Onxy Onxy
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7 years ago
Virginia Consultants employs 10 full-time management consultants. The budgeted annual compensation per employee is $75,000. The average time charged per client is 250 hours per year. The professional consultant labor costs are included in a single direct-cost category and they are allocated to jobs on a per-hour basis.

The other costs associated with the consultant firm are included in a single indirect-cost pool, allocated according to professional labor hours. The budgeted indirect costs for the year are $500,000, and the firm expects to have 50 new clients in the next year.
What is the budgeted direct-labor cost rate per hour?
A) $20 per hour.
B) $30 per hour.
C) $40 per hour.
D) $50 per hour.
E) $60 per hour.
Textbook 
Managerial Accounting: Decision Making and Motivating Performance

Managerial Accounting: Decision Making and Motivating Performance


Edition: 1st
Authors:
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lordingtonlordington
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7 years ago
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Onxy Author
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6 years ago
Was a lot harder than it appeared! Thanks
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