Deloitte Touche Tohmatsu Limited provides audit and advisory services using job costing. In December 2031, the company undertakes three audit projects with the following costs:

• Project A: Time costs $800,000, Material costs $150,000
• Project B: Time costs $900,000, Material costs $200,000
• Project C: Time costs $850,000, Material costs $175,000

Required:

• Calculate the total job costs for each audit project.
• Allocate time and material costs to each project.
• Determine the cost per hour of service delivered under each project.
• Analyze the cost structure and profitability of Deloitte Touche Tohmatsu Limited's audit projects.
• Prepare a job costing statement for Deloitte Touche Tohmatsu Limited.