Cardinal Design, Inc. is a Web site design and consulting from The fem uses a job order costing system At the beginning of 2018, managing partner Holly Hanson prepared the following budget estimates in which each client is a different job Cardinal Design assigns direct labor, licensing costs, and travel Click the icon to view the prepared budget) costs directly to each job. It allocates Indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs In Nowember 2018. Cardinal Design served several dients. Records for two diants appear here Click the icon to view the records for two diants) Read the requirements Requirement 1. Compute Cardinal Design's direct labor rate and its predetermined overhead allocation rate for 2018. Abbreviation used OH head) Requirements - X Data Table - X 3000 hours 1. Compute Cardinal Design's direct labor rate and its predetermined overhead allocation rate for 2018 2. Compute the total cost of each job. 3. If Harrison wants to earn profits equal to 20% of service revenue, what fee should she charge each of these two clients? 4. Why does Cardinal Design assign costs to jobs? Direct labor hours professionals Direct labor costs professionals) Support staff salaries Computer leases Office supplies Officerent $ 1.600.00 667,000 44000 26000 63000 Print Done Print Done Data Table Chance Chocolates 300 hours 500 Food Place 600 hours 3.000 9.000 $ Direct labor hours Software licensing costs Travel costs $ Print Done Cardinal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system At the beginning of 2018, ma in which each client is a different job Cardinal Design assigns direct labor, licensing costs, and travel Click the icon to view th costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. In November 2018, Cardinal (Click the icon to view the Read the requirements Requirement 1. Compute Cardinal Design's direct labor rate and its predetermined overhead allocation rate for 2018. (Abbreviation use Begin with the direct labor rate. Direct labor rate per hour Compute Cardinal Design's predetermined overhead cost allocation rate for 2018 Predetermined OH cost allocation rate % Requirement 2. Compute the total cost of each job. First, enter the direct costs for each job. Then enter in the indirect costs and compute the total cost for each job. (Enter a "o" for any zero Cardinal Design, Inc. Estimated Cost of Food Place and Chance Chocolates Jobs Chance Food Place Chocolates Direct Costs hrs. X hrs. X Total Direct Costs Allocated Indirect Costs Question Help Cardinal Design, Inc. is a Web site design and consulting firm. The firm uses a job order conting system. At the beginning of 2018, managing partner Holly Harrison prepared the following budget estimates in which each client is a different job. Cardinal Design assigns direct labor licensing costs and travel Click the icon to view the prepared budget) costs directly to each job. It allocates Indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs In November 2018 Cardinal Design served several clients. Records for two dients appear here Click the icon to view the records for two clients) Read the requirements Cardinal Design, Inc. Estimated Cost of Food Place and Chance Chocolates Jobs Chance Food Place Chocolates Direct Costs hrs X hrs x Total Direct Costs Allocated indirect Costs 9 Total Costs Requirement 3. If Harrison wants to eam profits equal to 20% of service revenue, what fee should she charge each of these two clients? Food Place $ Chance Chocolates S Requirement 4. Why does Cardinal Design assign costs to jobs? Cardinal Design assigns costs to jobs to help the company that cover all costs and contribute to profit Assigning costs to control costs who can help Cardinal Design antine to the next question in which each client is a different job. Cardinal Design assigns direct labor, lice costs directly to each job. It allocates indirect costs to jobs based on a predete allocation rate, computed as a percentage of direct labor costs. Read the requirements. Requirement 1. Compute Cardinal Design's direct labor rate and its predetern Begin with the direct labor rate. Actual direct labor costs ermined overhead cost allocation rate for 201 Actual direct labor hours Actual OH costs Estimated direct labor costs Estimated direct labor hours Estimated OH costs cost of each job. First, enter the direct costs for each job. Then enter in the indirect costs and com Cardinal Design, Inc. Estimated Cost of Food Place and Chance Chocolates Jobs Chance Food Place Chocolates Direct Costs hrs. X hrs. X Total Direct Costs Allocated Requirement 2. Compute the total cost of each job. First, enter the direct costs for each job. Then enter in the indirect costs Cardinal Design, Inc. Estimated Cost of Food Place and Chance Chocolates Jo Food Place Chc Direct Costs Computer leases Direct labor Office rent Office supplies Software licensing costs Support staff salaries Total overhead costs C Travel costs ber in the input fields and then con I to 20 should she char increase labor hours lower employee wages osts to set fees mpany that cover all costs and co nput fields and then continue to the next question. ch of these two clients? Eribute to profit. Assigning costs to also can help Cardinal Design a grouping of clients ? individual clients
