Jackson Accounting pays Lee Young $$106200$ per year Sawyer works a $35-$hour week and a $49$ week year. Assume that Jackson's accountants are expected to work a total of $6000$ direct labour hours in $2021.$Jackson's estimated total indirect costs are $ $144000.$ The allocation base usedlis direct labour hoursRequirements$1.$ What is Jackson's predetermined indirect cost allocation rate?$2.$ What indirect costs will be allocated to Client $507$ if Young works $16$ hours to prepare the financial statements?$3.$ Calculate the total cost to prepare Client $507\text{'}$s financial statementsRequirement $1.$ What is Jackson's predetermined indirect cost allocation rate?Predetermined overhead allocation rateRequirement $2.$ What indirect costs will be allocated to Client $507$ if Young works! $16$ hours to prepare the financial statements?Indirect costs allocatedRequirement $3.$ Calculate the total cost to prepare Client $507\text{'}$s financial statements.Total costs allocatedTime