Data table Os ys 75 t Revenues Total costs: Direct costs Professional labor $20,000,000 $ 50,000,000 - X Indirect costs la Client support 25,000,000 45,000,000 sid Operating income $ 5,000,000 Iti REMIO bj t Print Done C Fronder Partners, a management consulting firm has the following condensed budget for 2017 Click the icon to view the condensed budget) Frontier has a single direct cost category professional labor) and a single indirect-cost pool (dient support), Indirect costs are allocated to jobs on the taux of professional to o Head the muments Requirement 1, identify the components of the overview diagram of the job-costing system Calculate the 2017 budgeted indirect-cost rate for Frontier Pers Begin by identify the components of the overview diagram of the job-costing system C } } } A Indirect Cost Poor Cient Support C Cost Allocation Base D Professional Labor Costs Cost Object Job for E Consulting Clant Findrect Costs G Direct Costs H Direct Costs H } Callain the markun rate as a netention of omfessionals Professional Labor Time Remaining: 01:08:39 Moet Calculate the markup rate as a percentage of professional labor costs Determine the formula, then compute the 2017 budgeted indirect-cost rate for Frontier Partners (Round the percentage to the nearest hundredth percent XXX% y Bugeted indirect-contr Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to 10% of revenues. Calculate the markup rate as a percentage of professional labor costs Determine the formula then compute the markup rate as a percentage of professional labor costs. (Round the percentage to the nearest hundred percent. XXX%) Markup rate Requirement 3. Frontier is bidding on a consulting job for Sentinel Communications, a wireless communications company. They have completed a budgeted breakdown of acofessional labor for the job Calculate the budgeted cost of the Sentinel Communications job. How much will Frontier bid for the job if it is to eam its target operating income of 10% of revenues? Budgeted professional labor costs Budgeted consulting support costs Budgeted total costs (Round your newer to the nearest cent) Frontier will need to bid for the job if it is to eam its target operating income of 10% of revenues