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Juda Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. The firm uses a job cost system with a
Juda Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. The firm uses a job cost system with a predetermined indirect cost allocation rate computed as a percentage of expected direct labor costs. At the beginning of the year, managing partner Paula Juda prepared the following plan, or budget, for the year: (Click the icon to view the prepared budget.) Read the requirements Requirement 1 a. Compute Juda Consulting's hourly direct labor cost rate. (Round your answer to the nearest whole dollar.) x Data Table Direct labor rate per hour Requirement 1 b. Compute Juda Consulting's indirect cost allocation rate. (Round your answer to the nearest whole number.) Predetermined indirect cost allocation rate Direct labor hours (professionals).... 17,000 hours Direct labor costs (professionals) $ 2.450,000 Office rent. $ 260,000 Support staff salaries. $ 910,000 Utilities $ 360,000 % Requirement 2. Compute the predicted cost of the Simms Resources job. Enter the direct labor and the indirect costs for the Simms Resources, then calculate the total predicted cost for the job. (Enter percentag whole dollar) Simms Resources is inviting several consulting firms to bid for work. Juda estimates that this job will require about 230 direct labor hours. Juda Consulting Estimated Cost of the Simms Manufacturing Job Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? Juda Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. The firm uses a job cost system with a predetermined indirect cost allocation rate computed as a percentage of expected direct labor costs. At the beginning of the year, managing partner Paula Juda prepared the following plan, or budget, for the year: (Click the icon to view the prepared budget.) Read the requirements Requirement 2. Compute the predicted cost of the Simms Resources job. Enter the direct labor and the indirect costs for the Simms Resources, then calculate the total predicted cost for the job. (Enter percentage amount as a whole number. Round interim calculations and final answers to the nearest whole dollar) Juda Consulting Estimated Cost of the Simms Manufacturing Job hr % x Total Predicted Cost Requirement 3. If Juda Consulting wants to earn a profit that equals 35% of the job's cost, how much should the company bid for the Simms Resources job? (Round your answers to the nearest whole dollar.) Required service revenue: Choose from any list or enter any number in the input fields and then continue to the next
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