Attleboro Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2019, Attleboro budgets 2020 assembly-support costs to be $8,280,000 and 2020 direct labor-hours to be 230,000. At the end of 2020, Attleboro is comparing the costs of several jobs that were started and completed in 2020. (Click the icon to view the data.) Read the requirements C Requirement 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate Budgeted indirect costs Budgeted direct labor hours Budgeted indirect cost rate per DLH Attleboro Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2019, Attleboro budgets 2020 assembly-support costs to be $8.280,000 and 2020 direct labor-hours to be 230,000. At the end of 2020, Attleboro is comparing the costs of several jobs that were started and completed in 2020. (Click the icon to view the data.) Read the requirements- Requirement 1. Comp Identify the formula to c Budgeted ind Data table Construction period Direct materials costs Direct labor costs Laguna Model Feb-June 2020 Mission Model May-Oct 2020 $ 106,450 $ 127.550 36.625 $ 41,750 030 Direct labor-hours 1,060 Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked The 2020 actual assembly-support costs were $8,316,000, and the actual direct labor-hours were 154,000. Print Done Attleboro Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2019, Attleboro budgets 2020 assembly-support costs to be $8,280,000 and 2020 direct labor-hours to be 230,000. At the end of 2020, Attleboro is comparing the costs of several jobs that were started and completed in 2020. (Click the icon to view the data.) Read the requirements. Requirement 1. Co identify the formula t Budgeted Requirements 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? 2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? 3. Why might Attleboro Construction prefer normal costing over actual costing? Print Done X