%E5-25A (similar to) Question Help Maynard Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. Maynard Consulting uses a job cost system with a predetermined indirect cost allocation rate computed as a percentage of expected direct labour costs. At the beginning of the year, managing partner Jada Maynard prepared the following plan, or budget, for the year (Click the icon to view the prepared budget.) Tibbs Resources is inviting several consulting firms to bid for work Maynard estimates that this job will require about 200 direct labour hours Requirements Requirement 1. Compute Maynard Consulting's (a) hourly direct labour cost rate and (b) indirect cost allocation rate. Let's begin by computing Maynard Consulting's hourly direct labour cost rate (Round your answer to the nearest whole dollar) Direct labour costs Direct labour hours Direct labour rate s 2.750,000 1 20,000 138 /hour Next, compute Maynard Consulting's indirect cost allocation rate (Enter the result as a whole number.) Total indirect costs Direct labour costs Predetermined indirect cost allocation rate % Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. Maynard Consulting uses a job nined indirect cost allocation rate computed as a percentage of expected direct labour costs. At the beginning of the year, managing par the following plan, or budget, for the year lick the icon to view the prepared budget.) esources is inviting several consulting firms to bid for work. Maynard estimates that this job will require about 200 direct labour hours. ments ement 1. Compute Maynard Consulti 0 Data Table X egin by computing Maynard Consulting dollar.) Direct labour costs Direct labour hours (professionals) 20,000 hours 2,750,000 Direct labour costs (professionals) $ 2,750,000 mpute Maynard Consulting's indirect Office rent 400,000 Total indirect costs Support staff salaries 1,202,000 Utilities 331,000 1 Dire Print Done com any list or enter any number in the input fields and then click Check Answer Clear All Che a real estate consulting firm, specializes in advising companies on potentiel new plant sites. Maynard Consulting uses a job cost sy Et cost allocation rate computed as a percentage of expected direct labour costs. At the beginning of the year, managing partner Jad 9 plan, or budget, for the year to view the prepared budget.) nviting several consulting firms to bid for work. Maynard estimates that this job will require about 200 direct labour hours. mpute Mayna 0 Requirements - ting Maynar ur costs ,000 ard Consultill 1. Compute Maynard Consulting's (a) hourly direct labour cost rate and (b) indirect cost allocation rate. 2. Compute the predicted cost of the Tibbs Resources job. 3. If Maynard wants to earn a profit that equals 25% of the job's cost, how much should she bid for the Tibbs Resources job? ct costs Print Done or enter any number in the input fields and then click Check Answer Check Ans Clear All