Cardinal Design is an interior design firm. The firm uses a job cost system in which each dient is a different "job" Cardinal Design traces direct labor, licensing costs, and travel costs directly to each job (dient) it allocates indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor costs At the beginning of the current year, managing partner Elle Watson prepared the following budget (Click the icon to view the prepared budget) Later that same year in November, Cardinal Design served several clients. Records for heo clients appear here (Click the icon to view the records for two cents) Read the requirements Requirement 1. Compute Cardinal Design's predetermined indirect cost atocation rate for the current year 1dentity the formule, then compute the rate. (Enter the results a whole number) Requirements 1. Compute Cardinal Design's predetermined indirect cost allocation rate for the ourent year 2. Compute the total cost of each of the two job 3. M Cardinal Design wants to eam profts equal to 10% of sales venue, how much (what total foo) should the company charge each of these two? 4. Why does Cardinal Design assign costs to Predetermined inded ostatocalce rate Data table Direct laber hours. Licensing costs.. Travel col Print Done Food Place 740 Sunow.com 30 hou 2,000 $ 4,000 200 Print Done Data table Direct laber hours (professional)..... Direct labor costs (professiona Support staff salaries Computer lease payments Office supplies Offent Print Done 8.000 hours $ 1,000,000 30.000 48,000 25,000 40.000 Clear all Check