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Brianna Jackson is a new staff accountant at Johnson & Associates. She is paid a...

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Accounting

Brianna Jackson is a new staff accountant at Johnson & Associates. She is paid a salary of $55,000 per year and is expected to work 2,200 hours per year on client jobs. The firm's indirect cost allocation rate is $27 per hour. The firm would like to achieve a profit equal to 35% of cost.
Convert Brianna's salary to an hourly wage rate for billing purposes.
Calculate the professional billing rate Johnson & Associates would use for billing out Brianna's services.
Convert Brianna's salary to an hourly wage rate for billing purposes.
Select the formula and enter the amounts to compute Brianna's direct labor rate per hour.
\table[[,labor costs,,Direct labor hours,=,Direct labor rate,],[$,55,000,,2,200,=,25,per hour]]
Calculate the professional billing rate Johnson & Associates would use for billing out Brianna's services. (Round all amounts to the nearest cent.)
\table[[Professional labor cost per hour,$25.00,],[Plus: Indirect cost allocation rate per hour,,27.00],[Total hourly cost,$252.00,],[Plus:,Profit markup,],[Hourly billing rate for Brianna Jackson,,]]
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