L 1 0 12 13 14 15 Elite Consulting Ltd offers a range of immigration consulting services. The company's service costing system estimates the cost of each consulting job by accumulating costs of the professional labour that works on the job plus a charge for overhead. The cost of professional labour is charged to jobs using the following three rates. Cost per hour Charge out rate for billing system Visa application $300 per hour $630 per hour Visa extension $75 per hour $350 per hour AAT appeal $225 per hour $1000 per hour The predetermined overhead rate is based on professional labour costs, which are budgeted to be 5663600 for the current year. The estimated overhead costs for the current year are budgeted to be: Management salaries $850,000 Salaries of administration staff $285,000 Depreciation on IT hardware and $240,000 software Office supplies $2,250 Telecommunications $3,150 Insurance $150,000 Depreciation on office fixtures and $11,250 fittings Rent $100,000 Electricity $45,000 Council rates $23,300 During June the company provided three services, which consumed the following quantities of professional labour (in hours): Client Visa application Visa Extension AAT Appeal Alfa 50 100 Beta 20 150 Gama 60 90 | 25 Required: 1) Calculate the predetermined overhead rate to be used at Elite Consulting Ltd. (2 marks) 2) Calculate the cost of the three services. (1 marks) 3) Assume Elite Consulting Ltd uses a billing system with the charge out rates shown above. Calculate the client fees for each of the three services (1 marks)