Dove Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Dove Design traces direct labor, licensing costs, and travel costs directly to each job (client). It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor costs. At the beginning of the current year, managing partner Melody Razadin prepared the following budget: (Click the icon to view the prepared budget.) Later that same year in November, Dove Design served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) Read the requirements. Requirement 1. Compute Dove Design's predetermined indirect cost allocation rate for the current year. Identify the formula, then compute the rate. (Enter the result as a whole number.) Predetermined indirect Total estimated indirect costs $ 315,000 Total estimated direct labor cost 1,500,000 cost allocation rate 21 % Requirement 2. Compute the total cost of each of the two jobs listed. First enter in the direct costs for each job, then enter in the indirect costs and total cost for th Round your answers to the nearest whole dollar.) Direct Costs: Direct labor Dove Design Estimated Cost of Dining Treats and AllFood.com Jobs 760 hours x Dining Treats Data table Dining Treats AllFood.com AllFood.com Direct labor hours Licensing costs Travel costs 760 hours 60 hours $ 2,800 $ 250 7,000 $ 60 hours x 2800 250 Licensing costs Travel Total Direct Costs Get more help 7000 Print Do - Requirements Data table Direct labor hours (professional) ** Direct labor costs (professional) Support staff salaries Computer lease payments Office supplies Office rent Print Done 7,500 hours $ 1,500,000 180,000 46,000 24,000 65,000 1. Compute Dove Design's predetermined indirect cost allocation rate for the current year. 2. Compute the total cost of each of the two jobs listed. 3. If Dove Design 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 Dove Design assign costs to jobs? Print Done - X