Levels of costs Leopold & Olney LUP has five partners and 12 staff accountants. The partners each work 2.100 hours per year and earn $420,000 annually. The staff accountants each work 2.600 hours per year and earn $96,000 annually. The firm's total annual budget for professional support available to partners and staff accountantsis 3375,300. The firm also spends $150,120 for administrative support that is used only by the partners 2. Assume that total support cost is considered a unit level cost based on number of work hours What is the support rate per labor hour? Note: Round unit costs to two decimal places de round $4.355 to 54.36), 5 b. If one audit engagement requires 60 partner hours and 220 staff accountant hours, how much professional support cost would be charged to the engagement using the rounded rate determined in (a) 5 C. Assume that support costs are considered batch-level costs based on number of work hours. What are the professional and administrative support rates per labor hour Note: Round unit costs to two decimal places de round 54355 to $4.36) Professional support rate per hours Administrative support rate per hours If an audit engagement requires 60 partner hours and 220 staff accountant hours, how much support cost would be charged to the engagement using the rates determined in Note: Use the rounded unit cost determined in part() in your calculations, round your final answer to the nearest whole dollar