i need all three requirements

Chirac & Partners, a Quebec-based public accounting partnership, specializes in audit services. Its job costing system has a single direct cost category (professional la contains all costs of the Audit Support Department) Audit support costs are allocated to individual jobs using actual professional labor hours. Chirac & Partners employs actual amounts for 2017 are as follows: (Click the icon to view the data) Read the requirements (a) (6) (c) Actual Normal Variation of Costing Costing Normal Costing Direct-cost rate 55 55 60 Indirect-cost rate 45 40 40 Requirement 2. Which job-costing system would you recommend Chirac & Partners use? Explain. Chirac & Partners should choose a job-costing system based on the direct cost information available to them. If Chirac knows direct costs as the jobs are being don normal costing over actual costing by calculating a budgeted indirect cost rate to cost jobs. Normal costing enables Chirac to use the budgeted indirect cost rate calu of a job as soon as the job is completed If Chirac does not know direct costs as the jobs are being completed. I would recommend that Chirac use the variation of normal costing that calculates a budgeted dire costs on a more-timely basis Chirac & Partners Budget for 2017 Professional labor compensation Audit support department costs $1,020,000 $680,000 Professional labor-hours billed to clients 17,000 hours Actual results for 2017 Audit support department costs Professional labor-hours billed to clients $729,000 16.200 hours Actual professional labor cost rate $55 per hour (a) Actual Costing Direct-costs Actual direct-cost rate Actual indirect-cost rate Actual qty of direct-cost inputs * Budgeted qty of direct-cost inputs Indirect-costs Identify the formulas to calculate the direct and indirect-costs under normal costing. (b) Normal Costing Direct-costs Actual direct-cost rate X Indirect-costs X Identify the formulas to calculate the direct and indirect-costs under the variation of normal costing. (c) Variation of Normal Costing Chirac & Partners, a Quebec-based public accounting partnership, specializes in audit services. Its job-costing sy contains all costs of the Audit Support Department). Audit support costs are allocated to individual jobs using actu actual amounts for 2017 are as follows: (Click the icon to view the data.) Read the requirements. (b) Normal Costing Direct-costs Indirect-costs Actual direct-cost rate Identify the formulas to calculate the direct and indirect-costs under the variation of normal costing. (c) Variation of Normal Costing Direct-costs Indirect-costs X Compute the cost of the Pierre & Co. audit under each of the three methods. (a) (b) (c) Chirac & Partners, a Quebec based public accounting partnership, specializes in audit services. Its job-costing system has a single direct-cost category (professional labor) anco contains all costs of the Audit Support Department). Audit support costs are allocated to individual jobs using actual professional labor-hours Chirac & Partners employs 10 pro actual amounts for 2017 are as follows: (Click the icon to view the data.) Read the requirements Cost of Pierre audit: Costing Costing Normal Costing Direct-costs Indirect costs Totaljob costs the actual professional labor time of 130 hours. The budgeted 120 hours This is because the The actual costing figure of 5 actual indirect-cost rate of the normal costing figure of S the budgeted indirect cost rate of 5 This is because The normal costing figure of 5 the actual direct-cost rate of 5 the variation of normal costing floure of the budgeted direct cost rate of 5 1. Compute the direct-cost rate and the indirect-cost rate per professional labor-hour for 2017 under (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs. 2. Which job-costing system would you recommend Chirac & Partners use? Explain 3. Chirac's 2017 audit of Pierre & Co was budgeted to take 120 hours of professional labor time. The actual professional labor time spent on the audit was 130 hours. Compute the cost of the Pierre & Co. audit using (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs Explain any differences in the job cost. Chirac & Partners, a Quebec-based public accounting partnership, specializes in audit services. Its job costing system has a single direct cost category (professional la contains all costs of the Audit Support Department) Audit support costs are allocated to individual jobs using actual professional labor hours. Chirac & Partners employs actual amounts for 2017 are as follows: (Click the icon to view the data) Read the requirements (a) (6) (c) Actual Normal Variation of Costing Costing Normal Costing Direct-cost rate 55 55 60 Indirect-cost rate 45 40 40 Requirement 2. Which job-costing system would you recommend Chirac & Partners use? Explain. Chirac & Partners should choose a job-costing system based on the direct cost information available to them. If Chirac knows direct costs as the jobs are being don normal costing over actual costing by calculating a budgeted indirect cost rate to cost jobs. Normal costing enables Chirac to use the budgeted indirect cost rate calu of a job as soon as the job is completed If Chirac does not know direct costs as the jobs are being completed. I would recommend that Chirac use the variation of normal costing that calculates a budgeted dire costs on a more-timely basis Chirac & Partners Budget for 2017 Professional labor compensation Audit support department costs $1,020,000 $680,000 Professional labor-hours billed to clients 17,000 hours Actual results for 2017 Audit support department costs Professional labor-hours billed to clients $729,000 16.200 hours Actual professional labor cost rate $55 per hour (a) Actual Costing Direct-costs Actual direct-cost rate Actual indirect-cost rate Actual qty of direct-cost inputs * Budgeted qty of direct-cost inputs Indirect-costs Identify the formulas to calculate the direct and indirect-costs under normal costing. (b) Normal Costing Direct-costs Actual direct-cost rate X Indirect-costs X Identify the formulas to calculate the direct and indirect-costs under the variation of normal costing. (c) Variation of Normal Costing Chirac & Partners, a Quebec-based public accounting partnership, specializes in audit services. Its job-costing sy contains all costs of the Audit Support Department). Audit support costs are allocated to individual jobs using actu actual amounts for 2017 are as follows: (Click the icon to view the data.) Read the requirements. (b) Normal Costing Direct-costs Indirect-costs Actual direct-cost rate Identify the formulas to calculate the direct and indirect-costs under the variation of normal costing. (c) Variation of Normal Costing Direct-costs Indirect-costs X Compute the cost of the Pierre & Co. audit under each of the three methods. (a) (b) (c) Chirac & Partners, a Quebec based public accounting partnership, specializes in audit services. Its job-costing system has a single direct-cost category (professional labor) anco contains all costs of the Audit Support Department). Audit support costs are allocated to individual jobs using actual professional labor-hours Chirac & Partners employs 10 pro actual amounts for 2017 are as follows: (Click the icon to view the data.) Read the requirements Cost of Pierre audit: Costing Costing Normal Costing Direct-costs Indirect costs Totaljob costs the actual professional labor time of 130 hours. The budgeted 120 hours This is because the The actual costing figure of 5 actual indirect-cost rate of the normal costing figure of S the budgeted indirect cost rate of 5 This is because The normal costing figure of 5 the actual direct-cost rate of 5 the variation of normal costing floure of the budgeted direct cost rate of 5 1. Compute the direct-cost rate and the indirect-cost rate per professional labor-hour for 2017 under (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs. 2. Which job-costing system would you recommend Chirac & Partners use? Explain 3. Chirac's 2017 audit of Pierre & Co was budgeted to take 120 hours of professional labor time. The actual professional labor time spent on the audit was 130 hours. Compute the cost of the Pierre & Co. audit using (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs Explain any differences in the job cost