A Local Accounting Firm Employs 28 Full-Time Professionals

A local accounting firm employs 28 full-time professionals. The budgeted annual compensation per employee is $41,000. The average chargeable time is 430 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis.
Other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are $787,000, and the firm expects to have 95 clients during the coming year.
What is the budgeted indirect-cost rate per hour?

A) $6.86 per hour
B) $65.37 per hour
C) $28.10 per hour
D) $19.27 per hour