15 F 03:09:10 . Grady and Associates performs a variety of activities related to information systems and e-commerce consulting in Toronto, Canada. The firm, which bills $178 per hour for services performed, is in a very tight local labor market and is having difficulty finding quality help for its overworked professional staff. The cost per hour for professional staff time is $88. Selected information follows Billable hours to clients for the year totaled 9,800, consisting of information systems services, 5,880, e- commerce consulting, 3.920. Administrative cost of $438760 was (and continues to be allocated to both services based on billable hours. These costs consist of staff support, $232,080; in-house computing, $164,000; and miscellaneous office charges, $42,680. A recent analysis of staff support costs found a correlation with the number of clients served. In-house computing and miscellaneous office charges varied directly with the number of computer hours logged and number of client transactions, respectively. A tabulation revealed the following data: Information E-Commerce Systems Services Consulting Total Number of clients Number of computer hours 4,230 2,480 6,718 Number of client transactions 1,770 -Book erences 255 75 330 860 910 Required: 2. Assume that the firm uses traditional costing procedures, allocating total costs on the basis of billable hours. Determine the profitability of the firm's information systems and e-commerce activities, expressing your answer both in dollars and as a percentage of activity revenue. 3. Assume that the firm uses activity-based costing. Determine the profitability of the firm's information systems systems and e-commerce protessionals are paia the same nounyote. Hur viure Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Assume that the firm uses traditional costing procedures, allocating total costs on the basis of billable hours. Determine profitability of the firm's information systems and e-commerce activities, expressing your answer both in dollars and as percentage of activity revenue. (Do not round intermediate calculations. Round "Profitability" to 2 decimal places.) Department Total Billings Income Profitability Information systems services E-commerce consulting % % (Requires 2 Required 3 > Assume that the firm uses activity-based costing. Determine the profitability of the firm's information systems and commerce activities, expressing your answer both in dollars and as a percentage of activity revenue. (Round intern calculations and final answers to 2 decimal places.) Total Billings Income Profitability % Department Information systems services E-commerce consulting %