Please see the Attachment
1. Compute the 2008 budgeted direct-cost rates for (a) professional partners and (b) professional associates.
2. Compute the 2008 budgeted indirect-cost rates for (a) general support and (b) secretarial support.
3. Compute the budgeted costs for the Richardson and Punch jobs, given the following information:
Richardson, Inc. Punch, Inc.
Professional partners 60 hours 30 hours
Professional associates 40 hours 120 hours
4-Comment on the results in requirement 3. Why are the job costs different from those computed in
The solution calculates budgeted direct-cost rates.