Homework: Ch4... Question 3, Exercise 4-2... HW Score: 21.7%, 1.09 of 5 points Save Part 1 of 9 Points: 0 of 1 Mruman & German (MG) is a law firm that specializes in writing wills. Its job-costing system has one direct cost pool, professional labour, and a single indirect cost pool that includes all supporting costs of running the law office. The support costs are allocated to clients on the basis of professional labour-hours. In addition to the two senior partners at MG, there are six associates who work directly with clients. Each of the eight lawyers is expected to work for approximately 2.500 hours a year. Budgeted and actual costs for the year were as follows Click the icon to view the budgeted and actual costs) Eleares Requirement 1. Compute the direct cost rate and the Indirect cost rate per professional labour hour under the following a. Actual costing b. Normal costing c. Budgeted costing Begin by completing the formula to calculate the actual direct cost rate Actual direct cost rale 1,500,000 2,500,000 Budgeted professional labour costs Budgeted support costs Actual professional labour costs Actual support costs al Actual total professional hours $ $ $ $ 1,320 000 2.398,000 22,000 hours 1 Required 1. Compute the direct cost rate and the indirect cost rate per professional labour-hour under a. Actual costing b. Normal costing c. Budgeted costing 2. The will for a rich tycoon, Ari Roos, was very complex and took three lawyers at the firm 800 hours each to prepare. What would be the cost of writing this will under each of the costing methods in requirement 1