Requirement $1.$ Calculate the current indirect cost allocation rate per professional hour. $($Round your answer to the nearest cent.$)$

The current indirect cost allocation rate per professional hour isData table

All operating costs other than professional salaries $($travel reimbursements, copy costs, secretarial salaries, office lease, and

so forth$)$ can be assigned to the three activities. Total activity costs, cost drivers, and total usage of those cost drivers are

estimated as follows:Calculate the current indirect cost allocation rate per professional hour.

Calculate the total amount that would be billed to Laughlin given the current costing structure.

Calculate the activity cost allocation rates that could be used to allocate operating overhead costs

to client jobs.

Calculate the amount that would be billed to Laughlin using ABC costing.

Which type of billing system is more fair to clients? Explain.