Juda Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of

Juda Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Jennifer Juda prepared the following budget for the year (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements Begin with (a) hourly direct labor cost rate. Direct labor = cost rate per hour Now compute Juda Realtors' (b) predetermined overhead allocation rate. - X Data Table Predetermined overhead allocation rate % Direct labor hours (professionals) Direct labor costs (professionals) 20,000 hours $ 2,300,000 Requirement 2. Compute the predicted cost of the Chance Manufacturing job. Office rent 320,000 Juda Realtors Estimated Cost of the Chance Manufacturing Job 1,225,000 Support staff salaries Utilities 410,000 hrs. x Print Done % x Total predicted cost Requirement 3. If Juda wants to earn a profit that equals 36% of the job's cost, how much should she bid for the Chance Manufacturing job? Add: Required service revenue Choose from any list or enter any number in the input fields and then continue to the next question. Juda Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Jennifer Juda prepared the following budget for the year: 5 Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements Begin with (a) hourly direct labor cost rate. Direct labor cost rate per hour termined overhead allocation rate. Estimated direct labor costs Estimated direct labor hours Estimated total indirect costs Predetermined overhead allocation rate % Requirement 2. Compute the predicted cost of the Chance Manufacturing job. Juda Realtors Requirement 2. Compute the predicted cost of the Chance Manufacturing job. Juda Realtors Estimated Cost of the Chance Manufacturing Job Direct labor Indirect costs Office rent Support staff salaries Rec Utilities profit that equals 36% of the job's cost, how much should she bid for the Chance Manufacturing job? Requirement 3. If Juda wants to earn a profit that equals 36% of the job's cost, how much should she bid for the Chance Manufacturing job? Desired profit Direct labor cost Indirect costs Total predicted cost er in the input fields and then continue to the next