JOB COSTING, CONSULTING FORM. Wilson Partners, a management consulting firm, has the following condensed budget for 2020:

PLEASE JUST ANSWER QUESTION 1

Revenues Total costs: Direct costs Professional labor Indirect costs Client support Operating income $ 4,375,000 12,950,000. Wilson has a single direct-cost category (professional labor) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labor costs. Professional Labor Category Director Required 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2020 budgeted indirect-cost rate for Wilson Partners. Partner 2. The markup rate for pricing jobs is intended to produce operating income equal to 10% of revenues. Calculate the markup rate as a percentage of professional labor costs. Associate Assistant 3. Wilson is bidding on a consulting job for Guardian, a wireless communications company. The budgeted breakdown of professional labor on the job is as follows: $19,250,000 17,325,000 $ 1,925,000 103 Budgeted Rate per Hour Budgeted Hours $204 51 32 18 45 155 Calculate the budgeted cost of the Guardian job. How much will Wilson bid for the job if it is to earn its target operating income of 10% of revenues