A student accountant is calculating the relevant cost of a new project. As part of the calculation, they need to work out the value to be included for labour. Details of the labour force needed is shown below. Cost of labour The company has six permanent employees who are on a 35-hour week contract. The employees are expected to come to work even if there is nothing to do. Currently there is no spare capacity. If the project goes ahead, each employee would be required to work 4 hours on the project. Alternatively, the company can hire six agency staff at 16 an hour. Permanent employees are paid 12 an hour with overtime being paid at time and a half. Required Which cost of labour is relevant cost to the new project? a) Agency staff b) Permanent employees c) None of the above What is the relevant cost (if any) that would be charged to the project for labour? Round off your answer to the nearest whole number with no sign or commas