Answer
Direct-Cost Rate per Hour = $97,500 \div 1,500 $hours = 65 per hour
Work Step by Step
Budgeted Total Compensation per Professional $\div$ Budgeted Billable Hours per Professional
Cost Accounting (15th Edition)
by Horngren, Charles T.; Datar, Srikant M.; Rajan, Madhav V.
Published by
Prentice Hall
ISBN 10:
0133428702
ISBN 13:
978-0-13342-870-4
Chapter 4 - Job Costing - Assignment Material - Problems - Page 144: 4-32(2)
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