Asslgnment Matorial

$4-31)$ob costing with two direct cost and two indirect cost categories, law firm $($continuation of $4-30).($LO $2,4)$ Keating has just completed a review of its job$-$costing system. This review included a detailed analysis of how past jobs used the firm's resounces and interviews with persornel about what factors drive the level of indirect costs. Management concluded that a system with two dinect cost categories $($professional partner labour and professional manager labour$)$ and two indirect cost categories $($general support and administration support$)$ would yield more accurate job costs. Budgeted information for ${2022}^{**}$ related to the two direct cost categories is as follows:

$\backslash$table$[[,\backslash$table$[[$Professional$],[$Partner Labour$]],\backslash$table$[[$Professional$],[$Manager Labour$]]],[$Number of professionals,$5,20],[$Hours of billable time per professional,$1,600$ per year,$1,600$ per year$],[$Total compensation $($average per professional$),$$$200,000,$$$80,000$