Homework: Chapter 4 Homework Score: 0 of 1 pt E4-33 (similar to) Save 2 of 5 (1 complete) HY Score: 1 98%, 0.1 of 5 pts Question Help Chirac& Partners, a Quebec-based public accounting partnership, specializes in audit services Its job-costing system has a single direct-cost category (professional labor) and a single indirect-cost pool (audit support, which contains all costs of the Audit Support Department).Audit support costs are allocated to individual jobs using actual professional labor-hours Chirac&Partners employs 10 professionals to perform audit services. Budgeted and actual amounts for 2017 are as follows (Click the icon to view the data.) Read the requirements Requirement 1. Compute the direct-cost rate and the indirect-cost rate per professional labor-hour for 2017 under (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs Begin by identifying the formula to calculate the actual indirect-cost rate. Actual Indrect cost rate Homework: Chapter 4 Homework Score: 0 of 1 pt E4-33 (similar to) Save 2 of 5 (1 complete) HY Score: 1 98%, 0.1 of 5 pts Question Help Chirac& Partners, a Quebec-based public accounting partnership, specializes in audit services Its job-costing system has a single direct-cost category (professional labor) and a single indirect-cost pool (audit support, which contains all costs of the Audit Support Department).Audit support costs are allocated to individual jobs using actual professional labor-hours Chirac&Partners employs 10 professionals to perform audit services. Budgeted and actual amounts for 2017 are as follows (Click the icon to view the data.) Read the requirements Requirement 1. Compute the direct-cost rate and the indirect-cost rate per professional labor-hour for 2017 under (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs Begin by identifying the formula to calculate the actual indirect-cost rate. Actual Indrect cost rate