Crown Solutions designs Web pages for clients in the education sector. The company's job-costing system has a single direct cost category (Web-designing labor) and a single indirect cost pool composed of all overhead costs. Overhead costs are allocated to individual jobs based on direct labor-hours. The company employs six Web designers. Budgeted and actual information regarding Crown Solutions follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the direct-cost rate and the indirect-cost rate per Web-designing labor-hour for 2020 under (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs. Begin by identifying the formula to calculate the actual indirect-cost rate. Identify the formula to calculate the budgeted indirect-cost rate. Identify the formula to calculate the budgeted direct-cost rate. Compute the direct-cost rate and the indirect-cost rate per labor hour under: (a) Actual (b) Normal (c) Variation of costing costing normal costing Direct-cost rate Indirect-cost rate Actual indirect-cost rate Data table Budgeted indirect-cost rate Budget for 2020: Direct labor costs $ 240,000 Direct labor-hours 10,000 Budgeted direct-cost rate Overhead costs $ 140,000 Actual results for 2020: Direct labor costs $ 200,000 Direct labor-hours 10,000 Overhead costs $ 160,000 Print Done