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Jason \& George, a consulting firm, specializes in provicing internal audit service for its clients. It bills the clients $173 per hour for its professional services, it costs the firm $98 per hour to cover the cost of its stalf. To cover its MOH costs. the partners hawe always applied MOH costs to clients based on total direct labor hours. At the beginning of the year, they budgeted for 9,800 direct labor bears anid 5198,940 of MOH costs. In the current year, the firm's professional staff worked on three key client projects. All Ways, lnc, for 4,30o hours, My Way, Inc, for 3.800 hours and High Way, linc, for 6,000 hours. These clients were billed for this work by the end of the year. Naturally there were other cosis incurred to run the frm. inchading sales and marketing costs, which added up to $143.000 this year Actual MoH costs for the year totaled $153,000 5 5 eTextbook and Media Determine the gross margin percentage and the profit margin percentage. (Round answers to 2 decimal places, e.8. 52.75\%). Gross margin percentage Profit margin percentage 8 eTextbook and Media Attempts 0 of 2 used