The consulting firm Pharoah Financial employs 49 full-time staff The estimated compensation per employee is $106.140 for 1830 hours. It charges all direct labour costs to clients. It includes any other costs in a single indirect cost pool and allocates them based on labour hours. Actual indirect costs were $853.000 Estimated indirect costs for the coming year are $1.430,000 The firm expects to have 77 clients in the coming year. Determine the overhead rate per direct labour hour Round answer to 2 decimal places, eg 2.25) Overhead rate per direct labour hour eTextbook and Media Determine the direct labour rate per hour. Round anwer to 2 decimal places, es 2.25) Direct labour rate per hour S S eTextbook and Media Calculate the total cost of a job that will take 270 direct labour hours, uning a normal cost system (Round onwer to 2 decimal places 42.124.253 Total cost of the job S

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.