Direct labor hours (professional). . . . . 10,000 hours Direct labor costs (professional). . . . . $1,300,000 Support staff salaries. . . . . . . . . . . . . . . $160,000 Computer lease payments. . . . . . . . . . . $48,000 Office supplies. . . . . . . . . . . . . . . . . . . . . $28,000 Office rent. . . . . . . . . . . . . . . . . . . . . . . . . $63,000   Dining Coop SunTime.com Direct labor hours. . . . . 740 hours 70 hours Licensing costs. . . . . . . $2,700 $200 Travel costs. . . . . . . . . . $5,000 $0 Requirement 2. Compute the total cost of each of the two jobs listed.   First enter in the direct costs for each​ job, then enter in the indirect costs and total cost for the jobs. ​(Complete all input fields. For accounts with no​ balance, make sure to enter​ "0" in the appropriate cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole​ dollar.)

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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.