=+2 Chirac & Partners’ 2015 audit of Pierce Ltd was budgeted to take 110 hours of professional labour time. The actual professional labour time spent on the audit was 120 hours. Calculate the cost of the Pierce Ltd audit using:

(a) actual costing,

(b) normal costing, and

(c) the variation from normal costing that uses budgeted rates for direct costs. Explain any differences in the job cost.