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Sanborn Architectural Designs Inc. has three partners that each earn $80,000 per year, and three...

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Accounting

Sanborn Architectural Designs Inc. has three partners that each earn $80,000 per year, and three associates that earn $58,000 per year. Each partner and associate has 2,000 billable hours per year. Using a simplified approach, if a partner worked 10 hours on a project, the amount of labor cost that should be billed to the project is:

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