Page 1: Question 27 (7 points) Listen No 3 My Staffing Services has established the following standards for client consulting services and has budgeted professional service fees revenue of $7,500 for 25 clients per month. 4 un Standard Hours per 2 hours client Standard price / fees $150 | per hour 7 8 The following data pertain to consulting services for the last month: Actual consulting hours 80 | hours 10 of service Actual price/fees per $175 | per hour consulting hours Page 2: Actual consulting fees $14,000 charged for the month 17 12 13 Actual number of clients 30 clients Required: (Show all calculations): 14 15 16 a. What is the price/fees variance for the month? b. What is the hours variance for the month? Price / Fees variance = (AH ' AP) - (AH . SP) Hours variance = SP x (AH - SH)