Amy Andrews is a CPA who works as a managerial accounting consultant for a variety of firms. To determine her hourly rate, Amy uses a cost-plus pricing system, which she updates each year. The hourly cost of her assistant (including taxes and benefits) is $18, the hourly cost of her office space is $4, the hourly cost of her marketing and other overhead materials is $6, and Amy's own hourly salary (again, including taxes and benefits) is $62. Amy adds a 20% premium to her costs. What is her hourly rate using a cost-plus pricing strategy?
A. $90
B. $96
C. $110
D. $108
Answer: D
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