Joe & Rose is an advertising agency. The firm uses a job cost system in which each client is a different "job." At the beginning of the current year, managing partner Jim Amica prepared a budget: Requirement 1. Compute Joe & Rose'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 - Total estimated direct labor hours Predetermined indirect cost allocation rate 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 "o" in the appropriate column.) Joe & Rose Estimated Cost of All Trips.com and Port Adak Jobs All Trips.com Port Adak Golf Resort Direct Costs: Direct labor ata table - X hours Data table hours Software licensing costs All Trips.com Port Adak Golf Resort Travel Total Direct Costs 17,600 hours $ 2,464,000 $ 230,000 $ 50,000 Direct labor hours .... Software licensing costs Travel costs Direct labor hours (professional) ...... Direct labor costs (professional). Support staff salaries .. Rent and utilities Supplies Lease payments on computer hardware 770 hours 2,600 $ 7,000 $ 25 hours 500 $ Indirect Costs: si $ 0 * hours $ $ 447,000 65,000 sl S X hours ( Print ) Done Print Done & Rose is an advertising agency. The firm uses a job cost system in which each client is a different job." At the beginning of the current year, managing partner Jim Amica prepared a budget: AllTrips.com Port Adak Golf Resort rect Costs: Direct labor hours x hours x Sollware licensing costs Travel tal Direct Costs Hirect Costs: : S S hours X S hours Data table tal Cost quirement 3. If Joe & Rose wants to eam profils equal to 20% of sales revenue, how much (what total fee) should it charge each of these two clients? termine the formula to compute the amount Joe & Rose should charge these clients, then compute the amounts. (Round your answers to two decimal places, X.XX.) Total job cost % of costs to revenue Fee charged Direct labor hours (professional) ...... 17.600 hours Direct labor costs (professional).........$ 2,464,000 ( Support staff salaries $ 230,000 Rent and utilities $ 50,000 Supplies $ 447,000 Lease payments on computer hardware .. $ $ 65,000 Trips.com rt Adak Golf Resort quirement 4. Why does Joe & Rose assign costs to jobs? & Rose assign costs to jobs to help the company set foes that cover all costs and contribute to profit. Assigning costs to individual clients also can Print Done