Data table Budget for 2020: Direct labor costs Direct labor- hours Overhead costs $ 69 69 280,000 10,000 180,000 Actual results for 2020: Direct labor costs $ 260,000 Direct labor-hours Overhead costs 69 10,000 200,000 Requirements 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. 2. Which method would you suggest Crady Solutions use? Explain. 3. Crady Solutions' Web design for Greenville Day School was budgeted to take 95 direct labor-hours. The actual time spent on the project was 80 hours. Compute the cost of the Greenville Day School job using (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs. Crady 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 Crady 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) (c) Normal Variation of costina costina normal costing Actual indirect-cost rate Budgeted indirect-cost rate Budgeted direct-cost rate Crady 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 Crady Solutions follows: (Click the icon to view the data.) Read the requirements Compute the direct-cost rate and the indirect-cost rate per labor hour under: Direct-cost rate (a) Actual (b) Normal (c) Variation of costing costing normal costing Indirect-cost rate Requirement 2. Which method would you suggest Crady Solutions use? Explain. Crady Solutions should choose a job-costing system based on the Solutions knows information available to them. If Crady as the jobs are being done, I would recommend Crady Solutions use by calculating a to cost jobs. enables Crady Solutions to use the to estimate the cost of a job as soon as the job is completed. Candy Caldinn dann mat m n the lake halini Fold that und ad Crady 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 Crady Solutions follows: (Click the icon to view the data.) Read the requirements If Crady Solutions does not know Solutions use the as the jobs are being completed, I would recommend that Crady Solutions to estimate costs on a more-timely basis. This would allow Crady Requirement 3. Crady Solutions' Web design for Greenville Day School was budgeted to take 95 direct labor-hours. The actual time spent on the project was 80 hours. Compute the cost of the Greenville Day School job using (a) actual costing, (b) normal costing, and (c) the variation from normal costing that uses budgeted rates for direct costs. Begin by identifying the formulas to calculate the direct and indirect-costs under actual costing. (a) Actual costing: Direct-costs Indirect-costs Identify the formulas to calculate the direct and indirect-costs under normal costing. (b) Normal costing: Direct-costs Crady 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 Crady Solutions follows: (Click the icon to view the data.) Read the requirements (b) Normal costing: Direct-costs = x Indirect-costs x Identify the formulas to calculate the direct and indirect-costs under the variation of normal costing. (c) Variation of normal costing: Direct-costs x Indirect-costs x What would the cost of this job be under each of the costing methods in requirement 1? (a) Actual (b) Normal (c) Variation of Cost of Crady Solutions: costing costing normal costing Direct-costs Crady 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 Crady Solutions follows: EEB (Click the icon to view the data.) Read the fequirements. Indirect-costs = Identify the formulas to calculate the direct and indirect-costs under the variation of normal costing. (c) Variation of normal costing: Direct-costs Indirect-costs What would the cost of this job be under each of the costing methods in requirement? (a) Actual (b) Normal (c) Variation of Cost of Crady Solutions: costing costing normal costing Direct-costs Indirect-costs Total job costs