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Compute Robin Design's predetermined indirect cost allocation rate and then compute the total cost of the two jobs listed Robin Design is an interior design
Compute Robin Design's predetermined indirect cost allocation rate and then compute the total cost of the two jobs listed
Robin Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Robin 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. At the beginning of the current year, managing partner MaryAlice Distasio prepared the following budget: View the prepared budget. Read the requirements. Requirement 1. Compute Robin 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.) Requirement 2. Compute the total cost of each of the two jobs listed. First enter in the direct costs for each job, then enter in the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter "0" in the appropriate cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole dollar.) Robin Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Robin 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. At the beginning of the current year, managing partner MaryAlice Distasio prepared the following budget: View the prepared budget. Read the requirements. Requirement 1. Compute Robin 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.) Requirement 2. Compute the total cost of each of the two jobs listed. First enter in the direct costs for each job, then enter in the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter "0" in the appropriate cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole dollar.)Step by Step Solution
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