Answer the Following Questions Using the Information Below:
Mark Papers

Answer the following questions using the information below:
Mark Papers employs 15 full-time employees and 10 trainees. Direct and indirect costs are applied on a professional labor-hour basis that includes both employee and trainee hours. Following is information for 2014:
$\begin{array}{lcc}&\text { Budget }&\text { Actual }\\\text { Indirect costs } & \$ 200,000 & \$ 300,000 \\\text { Annual salary of each employee } & \$ 100,000 & \$ 110,000 \\\text { Annual salary of each trainee } & \$ 25,000 & \$ 30,000 \\\text { Total professional labor-hours } & 50,000 \mathrm{dlh} & 60,000 \mathrm{dlh}\end{array}$
-What are the budgeted direct-cost rate and the budgeted indirect-cost rate,respectively,per professional labor-hour?

A) $30.00; $4.50
B) $35.00; $4.00
C) $32.40; $5.00
D) $27.00; $5.00