The Wolfson Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows: Professional Billing Rate per Hour Mark Wolfson $520 Alice Boucher 180 Jerome Alonso 60 WG has just prepared the May 2014 bills for two clients. The hours of professional time spent on each client are asfollows: Professional Seattle Dominion Wolfson Boucher Alonso Hours per Client Total 26 10 5 39 70 Dublin Enterprises 4 14 52 70 1.What amounts did WG bill to Seattle Dominion and Dublin Enterprises for May 2014? 2.Suppose support services were billed at $5050 per professional labor-hour (instead of 30% of professional labor costs). How would this change affect the amounts WG billed to the two clients for May 2014? Comment on the differences between the amounts billed in requirements 1 and 2. 3. How would you determine whether professional labor costs or professionallabor-hours is the more appropriate allocation base for WG's support services? Requirement 1. What amounts did WG bill to Seattle Dominion and Dublin Enterprises for May2014? Determine the formula needed to calculate the total cost per professional for each client when WG allocates support costs at30% of direct professional costs.