ined Computed. (Click the icon to view the prepared budget.) several clients - X wo clients.) Requirements 1. Compute Skylark Design's direct labor rate and its predetermined overhead allocation rate for 2024. ear 2. Compute the total cost of each job. 3. If Ginger wants to earn profits equal to 20% of service revenue, what fee should she charge each of these two clients? 4. Why does Skylark Design assign costs to jobs? Oc Print Done direct costs and compute the total cost for each job (Enter a "0" for any zero balances.) 13 Skylark Design, Inc. is a Web site design and consulting firm. The firm uses a job ender costing system in which each cost is a different job Skylark Design assigns direct labor, licensing costs and travel costs directly to s job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as percentage of direct labor costs Read the At the beginning of 2024 managing partner Janie Geger repet the wing budget (Cck the icon to view the prepared budget) in November 2024 Skylark Design served several cents Records for tech appear f Click the icon to view the record for two cents) Requirement 1. Compute Skylark Design's direct labor cate and its predetermined overhead allocation rate for 2024 (Abbeedion used Overhead) Begin with the direct labor rate N Direct labor a per hour Compute Skylark Design's predetermined overhead cost alocation rate for 2224 Requirement 2. Compute the total cost of each job Predetermined Or cost location rat First, enter the direct costs for each job. Then anter in the indrect costs and compute the total cost for each job. Enter a " for any zero balances) Skylark Design, inc. Estimated Cost of Yummy Treats and Martinez Chocolates Jobs Direct Costs: hrs. x hrs. x Total Direct Costs Allocated Indirect Costs: % * % * Total Costs Yummy Treats Martinez Chocolates Requirement 3. If Ginger wants to nam profits equal to 20% of service revenue, what fee should she charge each of these two clients? Yumery Timats Martinez Chocolates Requirement 4. Why does Skylark Design assign costs to jobs? Skylark Design assigns costs to jobs to help the company that cover all costs and contribute to proft Assigning costs to also can help Skylark Design control costs n uses a job order costing system in which sing ead Data table At the beginning of 2024, managing p 13 - epar gn se cord ce re Direct labor hours (professionals) Direct labor costs (professionals) Support staff salaries Computer leases Office supplies Office rent 10,000 hours $ 1,900,000 631,000 44,000 22,000 63,000 Print Done Data table Direct labor hours Software licensing costs Travel costs $ 13 Yummy Treats 600 hours 2,000 $ 8,000 Print Done Martinez Chocolates 100 hours 400 0 - X tv