Chico & Partners, a Quebec-based public accounting partnership specializes in dit services. Its job-costing system has a single direct cost category (professional labor) and a single indirect cost pool (audit support which contains i costs of the Audit Support Department Audit support costs are allocated to individual jobs using adual professional labor hours. Chico & Partners employs 10 professionals to perform audit Services Budgeted and actual amounts for 2017 are as follows: li (Click the icon to view the data) Data Table 1 Requirements 1. Compute the direct contre and the indirect costat per professional labor-hour for 2017 under actual conting normal sing and (c) the varation from normal costing that uses budgeted rates for direct costs 2. Which ob-costing system would you recommend Chico & Partners use? Explain 3 Chico's 2017 wut of Pere & Co. was budgeted to take 170 hours of professional labor me. The actual professional labor time spent on the audit was 10 hours Compute r & Bunga cual costing normal oosting and evtonomnormal costing that w budgeted for det anderences the Chico & Partners Budget for 2017 Professional labor compensation Audit support department costs Profeso r hours bied to $1,020.000 0.000 17.000 hours Actual results for 2017 port decament costs Professional labor hours bed to cares cid 5720.000 10 200 hours Print 10 Done w] Chico & Partners, a Quebec-based public accounting partnership specializes in dit services. Its job-costing system has a single direct cost category (professional labor) and a single indirect cost pool (audit support which contains i costs of the Audit Support Department Audit support costs are allocated to individual jobs using adual professional labor hours. Chico & Partners employs 10 professionals to perform audit Services Budgeted and actual amounts for 2017 are as follows: li (Click the icon to view the data) Data Table 1 Requirements 1. Compute the direct contre and the indirect costat per professional labor-hour for 2017 under actual conting normal sing and (c) the varation from normal costing that uses budgeted rates for direct costs 2. Which ob-costing system would you recommend Chico & Partners use? Explain 3 Chico's 2017 wut of Pere & Co. was budgeted to take 170 hours of professional labor me. The actual professional labor time spent on the audit was 10 hours Compute r & Bunga cual costing normal oosting and evtonomnormal costing that w budgeted for det anderences the Chico & Partners Budget for 2017 Professional labor compensation Audit support department costs Profeso r hours bied to $1,020.000 0.000 17.000 hours Actual results for 2017 port decament costs Professional labor hours bed to cares cid 5720.000 10 200 hours Print 10 Done w]