can somebody help me with this problem. I am very confused how to approach it. Thank you. if you can solve it with in 1 or 2 hours please

Requirement 1. Compute the 2020 budgeted direct-cost rates for (a) professional partners and (b) professional associates. Begin by selecting the formula, then enter the amounts to compute both rates. (Abbreviations used: Assoc = Associate.) Requirement 2. Compute the 2020 budgeted indirect-cost rates for (a) general support and (b) secretarial support. Begin by selecting the formula, then enter the amounts to compute both rates (Round your answers to the nearest whole dollar) Data table The average budgeted total compensation per professional for 2020 is $97,500. Each professional is budgeted to have 1,250 billable hours to clients in 2020 . All professionals work for clients to their maximum 1,250 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. All costs of Kidman \& Associates other than professional labor costs are included in a single indirect-cost pool (legal support) and are allocated to jobs using professional labor-hours as the allocation base. The budgeted level of indirect costs in 2020 is $1,750,000 The cost estimates for the Richardson, Inc. job, which requires 90 budgeted hours of professional labor and for the Punch, Inc. job, which requires 115 budgeted hours of professional labor are as follows: Data table Requirement 2. Compute the 2020 budgeted indirect-cost rates for (a) general support and (b) secretarial support. Begin by selecting the formula, then enter the amounts to compute both rates. (Round your answers to the nearest whole dollar.) Requirement 3. Compute the budgeted costs for the Richardson and Punch jobs based upon the hours each job is budgeted to use Requirement 4. Comment on the results in requirement 3 . Why are the job costs different from those computed using the firm's previous method? In requirement 3 the cost system is than the firm's previous method The two jobs Requirements 1. Compute the 2020 budgeted direct-cost rates for (a) professional partners and (b) professional associates. 2. Compute the 2020 budgeted indirect-cost rates for (a) general support and (b) secretarial support. 3. Compute the budgeted costs for the Richardson and Punch jobs, given the following information: 4. Comment on the results in requirement 3. Why are the job costs different from those computed using the firm's previous method? 5. Would you recommend Kidman \& Associates use the job-costing system in the previous method or the job-costing system in this problem? Explain. Requirement 3. Compute the budgeted costs for the Richardson and Punch jobs based upon the hours each job is budgeted to use Requirement 4. Comment on the results in requirement 3 . Why are the job costs different from those computed using the firm's previous method? In requirement 3 the cost system is mthan the firm's previous method. The two jobs ment 3. Compute the budgeted costs for the Richardson and Punch jobs based upon the hours each job is budgeted to use iirement 4. Comment on the results in requirement 3 . Why are the job costs different from those computed using the firm's previous method? quirement 3 the cost system is than the firm's previous method. The two jobs Richardson job has a relatively higher use of and therefort the cost of the job when compared to the previous method are the same in their use of resources differ in their use of resources nputed using the firm's previous method? lent on the results in requirement 3. Why are the job costs different from those computed using the firm's previous method? st system is than the firm's previous method. The two jobs s a relatively higher use of and therefore the allocation method used in requirement 3 the cost of the job when compared to the previous method. Requirement 5. Would you recommend Kidman \& Associates use the job-costing system in the previous method or the job-costing system in this problem? Requirement 4. Comment on the results in requirement 3 . Why are the job costs different from those computed using the firm's previous method? In requirement 3 the cost system is than the firm's nrovinus mothnd The two inhs The Richardson job has a relatively higher use of the cost of the job when compared to the previous method. Requirement 5. Would you recommend Kidman \& Associates use the job- the allocation method used in requirement 3 Explain. I would recommend that Kidman \& Associates use the job costing system hod or the job-costing system in this problem? costing system more accurately represents the costs incurred on differnt jobs and therefore helps managers make better decisions Requirement 4. Comment on the results in requirement 3 . Why are the job costs different from those computed using the firm's previous method? In requirement 3 the cost system is than the firm's previous method The two jobs The Richardson Rthe Requirement 5 in the previous method Explain. in the provious method. in this problem I would recomm the job costing system with two direct- and two indirect- cost categories. The job costing system more accurately represents the costs incurred on different jobs and therefore helps managers make better decisions