Use the following information for the next two questions. Mademoiselle & Associates is a law...
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Use the following information for the next two questions. Mademoiselle & Associates is a law firm specializing in labor relations and employee-related work. It employs 25 professional (5 partners and 20 associates) who work directly with its clients. The average budgeted total compensation per professional for 2022 is $104,000. Each professional is budgeted to have 1,600 billable hours to clients in 2022. All professionals work for clients to their maximum 1,600 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 Mademoiselle & Associates other than professional labor costs are included in a single indirect-cost pool (legal support)
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