Faicon Design is an interior design firm. The firm uses a job cost system in which each cient is a diflerent "lob " At the beginning of the current year, marnaging Falcon Design traces direct labor, licensing costs, and partner Melody Rnzadin prepared the following travel costs directly to each job (clont). It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate ofmputed as a percentage of direct labor costs. budget: If (Click the icon to view the prepaned budget.) Later that same year in November, Falcon Design served several clients. Records for two clients appear here: FIt (Cick the icon to view the records for two Requirement 1. Compute Falcon Design's predetenined indirect cost allocation rate for the curtent year. Identify the formula, then compute the rate. fenter the resuft as a whole number) Requirement 2. Compute the total cost of each of the two jobs listed. Frst enter in the direct costs for eash job, then enter in the indrect costs and fotal cost for the jobs. (Completi all: inout fields. For accounts with no bulance, make sure io enter "r in the appropriate cell. Enler percentago amounta as a whole numbot. Round your ariwwbrs to the rearest whole dollar) (t) Time Remaining: 00:52:3t cost allocation rale computed as a percentage of direct labor costs. Later that same ypar in November, Falcon Design served soveral clients. Records for two clients appear here: ficlick the icon to view the records for two Estimated Cost of Dining Treats and SunNow.comt anhe Requirement 3. If Faloon Design wants to eam pootis equal to 20% of sales reverie, how much (what total fee) should the company charge each of these two clients? Identify the forrwila then detarmine the ameunt Falcon Design should charge those dients. (Reund your anowees to. the nearest whole doilar.) Requirement 4. Why does Falcon Design assign costs to jobs? Faicon Design assigns costs to johs to help the comparly that cever all costs and contr bute to profit Assigning costs to also can help Falcoa Donign control costs Falcon Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Falcon 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 followin budget: (Click the icon to view the prepared budge Later that same year in November, Falcon Des served several clients. Records for two clients appear here: Iff iClick the icon to view the records for two Data table Direct Costs: Total Direct C Indirect Costs Total Cost Requir: should Data table at total fee)
