Joe & Melissa is an advertising agency. The firm uses a job cost system in which each client is a different "job." Joe & Melissa traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. At the beginning of the current year, managing partner Jerry Atta prepared a budget: (Click the icon to view the prepared budget.) During January of the current year, Joe & Melissa served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) Read the requirements. Requirement 1. Compute Joe & Melissa's predetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate. Total estimated indirect costs 714,000 Total estimated direct labor hours 17,000 Predetermined indirect cost allocation rate 42 per hour Requirement 2. Compute the total cost of each job. First enter the direct costs for each job, then enter the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter "0" in the appropriate column.) Joe & Melissa Estimated Cost of FreeBird.com and Port Russell Jobs FreeBird.com Data table Direct Costs: Direct labor 790 hours 45 hours x Software licensing costs Travel Total Direct Costs Data table Port Russell Golf Resort Direct labor hours (professional) 17,000 hours Direct labor costs (professional).. $ 1,870,000 Support staff salaries... 220,000 Direct labor hours... Rent and utilities... $ 54,000 Supplies...... 379,000 Software licensing costs Travel costs. Lease payments on computer hardware .. $ 61,000 Print Done ... $ FreeBird.com 790 hours 2,600 $ Print 9,000 S Done Port Russell Golf Resort 45 hours 350 0