11. Joe 8 Rose is an advertising agency. The firm uses a job cost At the beginning of the current year, managing partner Joseph system in which each client is a different "job." Joe 8 Rose traces Augusine prepared a budget: direct labor, sotware licensing costs, and travel costs drectly to "(Click the ioon to view the prepared budget.) each job (client). The company allocates indirect costs to jobs During January of the current year, Joe 8 Rose served several based on a predetermined indirect cost allocation rate based on clients. Records for two clients appear here: direct labor hours. 2(Click the ioon to view the records for two clients.) Read the reguirements 3. Requirement 1. Compute Joe a Fose's predetermined indrect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate. ++=Predeterminedindirectcostallocationrate= Requirement 2. Compute the total cost of each jab. First enter the direct costs for each job, then enter the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, maike sure to enter "0" in the appropriate column.) Joe 8 Pose Requirement 3. If Joe is Rose wants to eam profiss equal to 20% of sales cevenue, how much (what total fee) should it charge each of these two clients? Determine the formula to compute the amount Joe 8 Rose should charge these dients, then compute the amounts. (Round your answers to two decimal places, X.x.) Requirement 4. Why does Joe 8 Rose assign costs to jobs? Joe a Rose assign costs to jabs to help the company (8) that cover all costs and contribuse to profit. Assigning oosts to (9) also can help Joe 8 Rose control costs. 1. Compule Joe 8 Rose's predetermined indirect cost allocation rate for the current year based on direct labor hours. 2. Compule the total cost of each job. 3. If Joe Rose wants to earn profits equal to 20% of sales revenue, how much (what total fee) should t charge each of these two client 4. Why does Joe \& Rose assign costs to jobs