Seal Financial Advisors provides accounting and finance assistance to customers in the retail business. Seal has four professionals on staff and an office with six clerical staff. Total​ compensation, including​

Seal Financial Advisors provides accounting and finance assistance to customers in the retail business. Seal has four professionals on staff and an office with six clerical staff. Total​ compensation, including​ benefits, for the professional staff runs about​ $573,000 per​ year, and normal billable hours are​ 8,300 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are​ $755,000. Seal allocates office and administrative costs to clients​ monthly, using a predetermined overhead allocation rate based on billable hours. is the predetermined overhead allocation rate that Seal will use for office and administrative​ costs? (Round your answer to the nearest​ cent.) A. ​$69.04 per hour B. ​$21.93 per hour C. ​$160.00 per hour D. ​$90.96 per hour

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