Deloitte provides consulting services using job costing. In September 2029, the company undertakes three service contracts with the following costs:

Contract	Direct Costs ($)	Indirect Costs ($)	Total Revenue ($)
Contract X	1,000,000	500,000	2,000,000
Contract Y	1,200,000	550,000	2,400,000
Contract Z	1,100,000	525,000	2,200,000

Required:

• Calculate the gross profit margin for each service contract.
• Determine the contribution margin ratio for Deloitte's consulting services.
• Analyze the profitability of each contract using job costing principles.
• Discuss the role of indirect costs in service contract profitability.
• Prepare a job costing statement for Deloitte.