Cardinal Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Cardinal Design traces direct labor, licensing costs, and travel costs directly to each job (client). It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor costs. Question Help Data Table Data Table 8,000 hours Direct labor hours (professional) Direct labor costs (professional) Support staff salaries Computer lease payments Office supplies.. Office rent. $ 1,000,000 80,000 $ 46,000 Food Coop GoGreen.com 790 hours 45 hours 2,000 $ 100 7,000 $ 0 $ Direct labor hours ..... Licensing costs $ Travel costs $ 25,000 49,000 1 $ mm Print Done Print Done * Requirements 1. Compute Cardinal Design's predetermined indirect cost allocation rate for the current year. 2. Compute the total cost of each of the two jobs listed. 3. If Cardinal Design wants to earn profits equal to 40% of sales revenue, how much (what total fee) should the company charge each of these two clients? 4. Why does Cardinal Design assign costs to jobs? Print Done Requirement 1. Compute Cardinal Design's predetermined indirect cost allocation rate for the current year. Identify the formula, then compute the rate. (Enter the result as a whole number.) Predetermined indirect Total estimated direct labor cost cost allocation rate 8000 1000000 % Total -- Actual manufacturing costs Machine hours Total estimated direct labor cost Total estimated direct labor hours Total estimated indirect costs Total estimated manufacturing costs