Craig's has asked you to do some job costing for the company. He wants to assure he is charging his customers the right prices and making a profit. You suggest to him that each client (customer) is a different \"job\". You will trace direct labor, materials, and travel costs directly to each job (client). For this job costing assignment you will allocate indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor costs. You and Craig prepared the following budget to be used for job costing purposes: During the month of July, Craig's Design and Landscaping served several clients (customers). Here are two of them: Requirements: 1. Compute Craig's predetermined indirect cost allocation rate as a \\( \\underline{\\% \\text { of direct labor costs for }} \\) the current year. 2. Compute the total cost of each of the two jobs listed. 3. If Craig wants to earn profits equal to \20 of sales revenue, how much (what total fee) should the company charge each of these two clients? 4. Why does Craig want to assign costs to jobs? 1. Compute Craig's predetermined indirect cost allocation rate based on direct labor costs for the current year. Show formula in words and in numbers \\[ = \\] Hint: answer as a \\% 2. Compute the total cost of each of the two jobs listed. Note: You will have to calculate the per cost of labor per hour 3. If Craig wants to earn profits equal to \20 of sales revenue, how much (what total fee) should the company charge each of these two clients? This space is given to show your work: Cool Cars: Jeff Jalopies: 4. Why does Craig want to assign costs to jobs