Barker and Associates specialize in corporate law. They charge $125 an hour for researching a case, $80 an hour for consultations, and $250 an hour for writing a brief. Last week one of the attorneys spent 8 hours consulting with her client, 12 hours researching the case, and 15 hours writing the brief. What was the weighted mean hourly charge for her legal services

Weighted mean hourly charge = $168.28 (Approx)

Given:

Charge for research = $125 per hour

Charge for consultations = $80 per hour

Charge for writing a brief = $250 per hour

Research work = 12 hour

Consultations = 8 hour

Writing = 15 hour

Computation:

Total hours = 12 + 8 + 15 = 35 hours

Total charge for researching = $125 × 12 = $1,500

Total charge for consulting = $80 × 8 = $640

Total charge for writing = $250 × 15 = $3,750

Total charge = $5,890

Weighted mean hourly charge = 5890 / 35

Weighted mean hourly charge = $168.28 (Approx)

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