Hicks and Greene, a CPA firm that uses job order costing, is analyzing the profitability of its audits the year, the firm audited the Esterline Company, for which it charged $20,000. Budget information for the firm follows: Direct labor: Partners Managers Staff accountants S 1,500,000 2,900,000 600000 Total $10,000,000 Overhead Secretarial support Fringe benefits Utilities Depreciation of office equipment Communication expenses Lease expense Office supplies 2,500,000 2,400,000 800,000 700,000 500,000 300,000 300,000 S 7,500,000 Total Partner, associates and paralegal hourly salary rates are $100, $60 and $20, respectively. Budgeted and actual time for the Esterline audit follows Actual 18 hours 43 hours 108 hours Budget 15 hours 45 hours 100 hours Partners Associates Paralegals In addition, the firm incurred $2,320 in travel costs related to Esterline, but the firm had budgeted for $2,500 of direct costs. (a) Assuming that Hicks and Greene allocates overhead to jobs using direct labor cost as the cost driver compute the predetermined overhead rate. (b) Compute the cost of the Esterline audit. (c) Prepare a cost performance report for the Esterline audit. (d) Compute the profit that Hicks and Greene had on the Esterline audit