The average budgeted total compensation per professional for 2020 is $ 97 comma 500. Each...

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The average budgeted total compensation per professional for 2020 is $ 97 comma 500. Each professional is budgeted to have 1 comma 500 billable hours to clients in 2020. All professionals work for clients to their maximum 1 comma 500 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. All costs of Kidman & Associates other than professional labor costs are included in a single indirect-cost pool(legal support) and are allocated to jobs using professional labor-hours as the allocation base. The budgeted level of indirect costs in 2020 is $ 2 comma 475 comma 000.
The cost estimates for the Richardson, Inc. job, which requires 120 budgeted hours of professional labor and for the Punch, Inc. job, which requires 160 budgeted hours of professional labor are as follows:
Richardson
Punch
Direct-costs
$7,800
$10,400
Indirect-costs
6,600
8,800
Total costs
$14,400
$19,200

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