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Mathematics, 13.02.2021 02:20 Renabelle5604
Brianna Adam is a new staff accountant at Alexander & Associates. She is paid a salary of $65,000 per year and is expected to work 2,500 hours per year on client jobs. The firm's indirect cost allocation rate is$26 per hour. The firm would like to achieve a profit equal to 15% of cost.
1.Convert Brianna's salary to an hourly wage rate for billing purposes.
2.Calculate the professional billing rate Alexander & Associates would use for billing out Brianna's services.
2. Calculate the professional billing rate Alexander & Associates would use for billing out Brianna 's services. (Round all amounts to the nearest cent.)
Professional labor cost per hour
26
Plus:
Indirect cost allocation rate per hour
Total hourly cost
Plus:
Total expected hours
Hourly billing rate for Brianna Adam
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Brianna Adam is a new staff accountant at Alexander & Associates. She is paid a salary of $65,0...
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