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 At the beginning of the current year, managing partner Cadence Winston prepared the following budget: direct labor, licensing costs, and travel costs directly to each job (client). It allocates indirect costs to jobs based on a predetermined | (Click the icon to view the prepared budget.) indirect cost allocation rate computed as a percentage of direct labor costs. Later that same year in November, Falcon Design served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) Read the requirements. Data table Data table enter "0" in the appropriate cell. Enter percentage amounts as a whole number. Round you Requirement 1. Compute Falcon 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.) Requirement 3 . If Falcon Design wants to earn profits equal to 40% of sales revenue, how much (what total fee) should the company charge each of these two clients? Identify the formula then determine the amount Falcon Design should charge these clients. (Round your answers to the nearest whole dollar.) Requirement 4. Why does Falcon Design assign costs to jobs? Falcon Design assigns costs to jobs to help the company that cover all costs and contribute to profit. Assigning costs to also can help Falcon Design control costs