(Click the icon to view the budgeted and actual amounts for the year.) Beain bv identifvina the formula to calculate the actual indirect cost rate. Definition 1. Identify the direct cost rate per professional labour-hour and the indirect cost rate per professional labour-hour for the year under (a) actual costing, (b) normal costing, and (c) variation of normal costing that uses budgeted rates for direct costs. 2. The audit of Pierre \& Company done in the year was budgeted to take 170 hours of professional labour time. The actual professional labour time on the audit was 180 hours. Compute the job cost using (a) actual costing, (b) normal costing, and (c) variation of normal costing that uses budgeted rates for direct costs. Explain any differences in the job cost. Budgeted and actual amounts