Direct-cost rate, Indirect Cost rate
Budget 2007
Pro labor compensation $960,000
Audit support department cost $720,000
Pro Labor-hours billed to clients 16,000 hours
Actual Results 2007
Audit support department costs $744,000
Pro labor-hours billied to clients 15,500 hours
Actual pro labor cost rate $58
What is the direct cost rate and indirect pef pro hour for 2007 under actual costing, normal costing, and variation from normal costing that uses budgeted rate for direct rates?
What is the audit using actual costing normal costing and variation from normal costing that uses budgeted rates for direct costs with budgeting 110hours of pro labor time. The actual time pro spent was 120hours?