Bilkins Financial Advisors Provides Accounting and Finance Assistance to Customers

Bilkins Financial Advisors provides accounting and finance assistance to customers in the retail business.Bilkins has four professionals on staff,and an office with six clerical staff.Total compensation,including benefits,for the professional staff runs about $576,000 per year,and normal billable hours are 8,000 hours per year.Professional staff keeps detailed timesheets organized by the client number.The total office and administrative costs for the year is $754,000.What is the cost allocation rate that Bilkins will use for direct labor i.e.the cost of the professional staff?

A) $75 per hour
B) $36 per hour
C) $72 per hour
D) $76 per hour