Acre Construction assembles residential homes. It uses a job-costing system with two direct cost categories (direct materials and direct labour) and one indirect cost pool (assembly support). The allocation base for assembly support costs is direct labour-hours. In December 2018. Acre budgets 2019 assembly support costs to be $5.880,000 and 2019 direct labour-hours to be 120,000. At the end of 2019, Anderson is comparing the costs of several jobs that were started and completed in 2019. Information for a couple of jobs follows: (Click the icon to view the data.) Direct materials and direct labour are paid for on a contract basis. The costs of each are known when direct materials are used or direct labour-hours are worked. The 2019 actual assembly support costs were $6,045,000 while the actual direct labour-hours were 155,000. Required Requirement 1. Compute the (a) budgeted and (b) actual indirect cost rates. Why do they differ? Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate. (Round your answers to the nearest whole dollar.) Budgeted indirect cost rate DA Actual direct costs Actual direct labour-hours Actual indirect costs Budgeted direct costs Budgeted direct labour-hours Budgeted indirect costs Required ver ate 1. Compute the (a) budgeted and (b) actual indirect cost rates. Why do they differ? 2. What is the job cost of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? 3. Why might Acre Construction prefer normal costing over actual costing? Print Done - X Data s to Laguna Model February-June 2019 Construction Period Mission Model May-October 2019 128.644 40,600 $ 106,200 Direct materials $ $ Direct labour Direct labour-hours 35.135 830 900 Print Done