Roiann and Dennett Law Office employs 12 full-time attorneys 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 2014: Actual Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor-hours Budget $290,000 $90,000 $32,000 20,000 dlh c. $70.00; $14.50 D. $63.60; $12.40 $310,000 $105,000 $33,000 25,000 dlh What are the actual direct-cost rate and the actual indirect-cost rate, respectively, per professional labor-hour? A. $63.60; $11.60 B. $79.50; $12.40

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Roiann and Dennett Law Office employs 12 full-time attorneys 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 2014:
Budget
$290,000
$90,000
$32,000
20,000 dlh
c. $70.00; $14.50
D. $63.60; $12.40
Actual
Indirect costs
Annual salary of each attorney
Annual salary of each paraprofessional
Total professional labor-hours
What are the actual direct-cost rate and the actual indirect-cost rate, respectively, per professional labor-hour?
A. $63.60; $11.60
B. $79.50; $12.40
$310,000
$105,000
$33,000
25,000 dlh
Transcribed Image Text:Roiann and Dennett Law Office employs 12 full-time attorneys 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 2014: Budget $290,000 $90,000 $32,000 20,000 dlh c. $70.00; $14.50 D. $63.60; $12.40 Actual Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional labor-hours What are the actual direct-cost rate and the actual indirect-cost rate, respectively, per professional labor-hour? A. $63.60; $11.60 B. $79.50; $12.40 $310,000 $105,000 $33,000 25,000 dlh
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