Crow Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client is a different job. Crow Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. Read the requirements. At the beginning of 2018, managing partner Gina Lopes prepared the following budget estimates: E (Click the icon to view the prepared budget.) In November 2018, Crow Design served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) - X Data Table Requirement 1. Compute Crow Design's direct labor rate and its predetermined overhead allocation rate for 2018. (Abbreviation used: OH = overhead.) Begin with the direct labor rate. 8,000 hours Direct labor rate per hour $ 2,000,000 469,000 Direct labor hours (professionals) Direct labor costs (professionals) Support staff salaries Computer leases Office supplies Office rent Compute Crow Design's predetermined overhead cost allocation rate for 2018 44,000 Predetermined OH cost allocation rate 22,000 65.000 Requirement 2. Compute the total cost of each job. First, enter the direct costs for each job. Then enter in the indirect costs and compute the total cost for each job. (Enter a "0" for any zero balances.) Data Table Crow Design, Inc. Estimated Cost of Food Coop and Maynard Chocolates Jobs Maynard Food Coop Chocolates Food Coop Maynard Chocolates Direct labor hours 600 hours 100 hours $ 2,000 $ 500 Direct Costs: Software licensing costs Travel costs 10,000 0 hrs. hrs. Requirements Total Direct Costs 1. Compute Crow Design's direct labor rate and its predetermined overhead allocation rate for 2018. 2. Compute the total cost of each job. 3. If Lopes wants to earn profits equal to 40% of service revenue, what fee should she charge each of these two clients? 4. Why does Crow Design assign costs to jobs? Allocated Indirect Costs: % x % Total Costs Requirement 3. If Lopes wants to earn profits equal to 40% of service revenue, what fee should she charge each of these two clients? Print Done Food Coop Maynard Chocolates $ $ Requirement 4. Why does Crow Design assign costs to jobs? Crow Design assigns costs to jobs to help the company that cover all costs and contribute to profit. Assigning costs to also can help Crow Design control costs