Required: 1. Design a new costing system according to the information aboye. 2. Apply the new costing system to calculate the budgeted costs for the Masterton Ltd and Bluelight Ltd jobs respectively, based on the following: Masterton Ltd Bluelight Ltd Professional 43 hours 32 hours partners Professional ?2 hours 123 hours associates 3. Comment on the results in requirement 2, and explain the difference between them and the original costing system that Brown 84 Partners was using ll. Recommend, with reasons, the job-costing system that would be most suitable for Brown 8: Partners