Exercise 5,30 Marigold and Associates is a CA firm that spec aizes in helping clents with complex tax problem s Thefirm charges its c ents by app Y ng a mark-up ate to ob costs so that operating Inco me s equal to 16% of evenues. Ma old allocates over ead costs such as computer systems and human resources using a single cost pool with direct labour costs as the allocation base. Direct labour costs consist of the cost for partners at $90 per hour and the cost for associates at $6 per hour. Follawing is the budget for the ourrent year. Revenues Direct costs: Professional labour Overhead costs Operating income $3,458,869 1,010,000 555,019 Calculate the overhead cust allocation rate for the current year. (Round to 2 decimal places, eg. 17.54%.) Overhead cost allocation rate %of DL costs TO TEXT A potential client. Ma Krzepkowski has asked or a bid for completing his taxes. A er examining his documentation, a partner estimates that the or revenues for this client, what will the bld be? (Round answer to 2 declmal places, e.g. 15.25.) ould equire 18 hours o partner time and 46 hours o associate tine the m wants to earn operating income o 15% of Did amount Question Attempts: O of 3 used SAVE FOR LATER