Job costing A consulting firm has the following condensed budget for 2011: Revenues RM21,250,000 Total costs: Direct Costs Professional Labour RM 5,312,500 Indirect Cost Client support RM 13,600,000 Rent and Utilities RM600,000 RM 19,512,500 Operating income RM 1,737,500 The company has a single direct-cost category (professional labour) and a single indirect-cost pool (client support). Indirect costs Client support are allocated to jobs on the basis of professional labour costs. Rent and Utilities are paid at the end of each month and allocated to jobs based on the number of hours of each Job. The rent cost is based on 20 working days and 8 hours per day. The company is bidding for a job and has estimated the amount of work that is required based on the following:- Professional Labour Category Budgeted Rate per Hour Budgeted Hours Required Director RM198 4 Partner 101 17 Associate 49 42 Assistant 36 153 1. Calculate the budgeted cost (including rent and utilities) for the Job. 2. How much should the company charge the customer if a 15% profit is required