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dxpayne dxpayne
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Posts: 930
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6 years ago
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.

Required:
a.   What is the direct labour budgeted cost rate per hour?
b.   What is the indirect cost pool budgeted cost rate per hour?
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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MunihasenMunihasen
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6 years ago
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dxpayne Author
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#2
5 years ago
I see. Hmm...

Thanks for confirming, will mark this solved.
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