For Buster & Buster Law Office employs 12 full-time attorneys and 10 paraprofessionals. Direct and...
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Accounting
For Buster & Buster 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 and data for 2019
Indirect Costs Budget= 270,000 Actual= 300,000
Annual Salary of each attorney Budget= 100,000 Actual= 110,000
Annual Salary of each paraprofessional Budget= 29,000 Actual= 30,000
Total Professional labor hours Budget= 50,000 dlh Actual= 60,000 dlh
What are the budgeted direct-cost rate and the budgeted indirect-cost rate, respectively, per professional labor-hour?
27.00; 4.17
29.80; 5.40
32.40; 5
27; 500
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