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(cost info & rates under the previous method) please identify what has to go into the chart by answering the question entirely. Kidman & Associates

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image text in transcribed(cost info & rates under the previous method)
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please identify what has to go into the chart by answering the question entirely.
Kidman & Associates is a low fem specializing in borrelations and employee related work. employ 30 professionals (5 partners and 25 associates who work directly with its clients Previously the firm accounted for all pression labor cost in a single and cost account and all her costs in a single indirect cost pool Click the icon to view the cost information and under the previous method idman has just completed a review of its job-costing system the icon to view the costing review formation) Budgeted information for 2020 related to the direct cost categories is as follows mock then to view the trugated Imation Read the recent Requirements Compute the 2020 budgeted direct coat rates for a professional partner and (b) professional associates Begin by selecting the formula then enter the amounts to compute botes Abons used. Assesso Budgeared costo por hour por how Asso por hour cil an 01 oll Data table system rmation.) ct-cost categ pril The average budgeted total compensation per professional for 2020 is $97,500. Each professional is budgeted to have 1,500 billable hours to clients in 2020. All professionals work for clients to their maximum 1,500 billable hours available. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. All costs of Kidman & Associates other than professional labor costs are included in a single indirect-cost pool (legal support) and are allocated to jobs using professional labor-hours as the allocation base. The budgeted level of indirect costs in 2020 is $2,475,000 The cost estimates for the Richardson, Inc. job, which requires 120 budgeted hours of professional labor and for the Punch, Inc. job, which requires 160 budgeted hours of professional labor are as follows: dl td Punch Direct-costs Richardson S 7,800 $ 6,600 10.400 Indirect costs 8,800 $ 14.400 $ 19,200 Total costs Print Done Read the requirements - More info d dird e am sources This review included a detailed analysis of how past jobs used the firm's resour and interviews with personnel about what factors drive the level of indirect costs Management concluded that a system with two direct-cost categories (professional partner labor and professional associate labor) and two indirect-cost categories (general support and secretarial support) would yield more accurate job costs. Print Done Kidman has just completed a review of its job-costing system, as is low firm specialning in labor relations and employee-related work. It lonas (5 pagando bordada counted e indirect Data table now the - Xategories is as follows: pute the formula Professional Partner Labor Professional Associato Labor Number of professionals 5 25 Hours of billable time per professional 1 500 per year 1.500 per year Total compensation (average per professional) 210.000 $ 75,000 Budgeted information for 2020 relating to the two indirect.cost categories is as follows: General Support Secretarial Support Total costs 5 2,025,000 $ 450.000 Cost-allocation base Professional labor hours Partner labor hours Print Done

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