aments 2 of 2 (0 complete) HW Score: 0%, 0 of 2 pts Score: 0 of 1 pt E4-26 (similar to) E Question Help Smith Partners, a management consulting firm has the following condensed budget for 2017 Click the icon to view the condensed budget.) Smith has a single direct-cost category (professional labor) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labor costs Read the requirements Requirement 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2017 budgeted indirect-cost rate for Smith Partners Begin by identity the components of the overview diagram of the job.costing system. y the con u Cane 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2017 budgeted indirect-cost rate for Smith Partners. 2. The markup rate for pricing jobs is intended to produce operating income equal to 10% of revenues. Calculate the markup rate as a percentage of professional labor costs. 3. Smith is bidding on a consulting job for Sentry Wireless, a wireless communications company. The budgeted breakdown of professional labor on the job is as follows: Professional Labor Category Budgeted Rate per Hour Budgeted Hours Director $ 200 Partner 100 Associate Assistant 160 Calculate the budgeted cost of the Sentry Wireless job. How much will Smith bid for the job if it is to earn its tarant operating income of 10% of revenues? 16 any drop-d 50 40 ment 1. Identify the components of the A Data Table - X ndirect-cost rate identify the components of the overvig $ 20,000,000 Revenues Total costs: Direct costs Professional labor Indirect costs Client support $ 5,000,000 13,000,000 $ 18,000,000 2,000,000 om any drop-down list and then cli Operating income sing Print Done Read the requirements. Choose from any drop-down list and then click Check Answer parts o remaining Clear All Check