Compute Daniels predetermined overhead allocation rate for 2018

Termined rvice revenue, what is allocation rate for 2016. 2. Compute the total cost of each job. 3. If ludi wants to earn profits equal to 20% of servir charge each of these two clients? 4. Why does Robin Design assign costs to jobs? org cm from Problem og system in which and travel.com termined ove > Continuing Problem P19-40 Accounting for manufacturing overhead This problem continues the Daniels Consulting situation fre Chapter 18. Daniels Consulting uses a job order costing sys a different job. Daniels assigns direct labor, meal per diem, an each job. It allocates indirect costs to jobs based on a predetermi tion rate, computed as a percentage of direct labor costs. At the beginning of 2018, the controller prepared the following Direct labor hours (professionals) Direct labor costs (professionals) Support staff salaries Computer leases 57,000 Office supplies 40,000 Office rent 55,000 following budget 6,250 hours $1,100,000 90,000 In November 2018, Daniels served several clients. Records for two clients a la Tommy's Trains Marcia's Cookies Direct labor hours 720 hours 200 hours Meal per diem $ 2,700 $ 600 Travel costs 8,000 0 Requirements 1. Compute Daniels's predetermined overhead allocation rate for 2018 2. Compute the total cost of each job. 3. If Daniels wants to earn profits equal to 25% of sales revenue, w charge each of these two clients? 4. Why does Daniels assign costs to jobs? venue, what fee should i DATA Q FILE HOME INSERT PAGE LAYOUT FORMULAS A X Cut Arial -10 - A A - BI U A Format Painter = Clipboard Font 013 REVIEW 2. E VIEW Wrap Text Merge & Center. Custom $. % Copy - Alignment Number ABC 1 E21-32 (2 points) Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio 6 Solution: 1 A 800 units 1.900 1,140 9,790 units 500 250 1,410 units 800 480 Number of units Sales price per unit Variable costs per unit Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio