Keaton & Partners is a low from specializing in labour rotations and employee related work. It employs 25 professionals (5 portions and 20 managers) who work directly with ex clients. Previousy the firm accounted for al professional labour costs in one direct cost account and all other costs in a single indirect cost pool (Click the loon to view the cost information and rates under the previous method.) Keaton has just completed a review of ts job-costing system. This review included a detailed analysis of how past jobs wed the firm's resources and terviews with personal about what factors drive the law of Indirect costs Management concluded that a system with two direct cont categories (professional partner labour and professional manage labour and two direct cost categories (general support and administration support) would yield more accurate job cut, Budgeted information for 2019 related to the two direct cont categories is as follows: Click the loon to view the budgeted information) Required Required Requirement 1. Compute the 2019 budgeted direct contratos for (a) professional partners and (b) professional man Begin by selecting the formula and then enter the amounts to compute both 1. Compute the 2010 budgeted direct cost rates for a professional partners and Budgeted (b) professional managers 2. Compute the 2010 budgeted indirect contrates for a general support and (b) administration support Partner 3. Compute the budgeted job costs for the Richardson and Punch jobs on the following information Manager Richardson Inc. Punch Inc. Requirement 2. Compute the 2019 budgeted indirect cost rates for a general support and (b) administration suppo Professional parties 44 hours 30 hours Professional managers 65 hours 120 hours Begin by selecting the formula and then enter the amounts to compute both rates, 4. Comment on the results in requirement Why are the job oss different from Budo those computed using the firm's previous method? costre General Print Done Choose from any list or enter any number in the input fields and then continue to the next question i Cost information and rates under previous method re The average budgeted total compensation per professional for 2019 is $120,600. Each professional is budgeted to have 1,800 billable hours to clients in 2019. Keaton is a highly respected firm, and all professionals work for clients to their maximum 1,800 billable hours available. All professional labour costs are included in a single direct cost category and are traced to jobs on a per-hour basis. All costs of Keaton & Partners other than professional labour costs are included in a single indirect cost pool (legal support) and are allocated to jobs using professional labour hours as the allocation base. The budgeted level of indirect costs in 2019 is $2,385,000 The cost estimates for the Richardson Inc. job, which requires 110 budgeted hours of professional labour, and for the Punch Inc. job, which requires 150 budgeted hours of professional labour, are as follows: Richardson Punch Direct costs $ 7,370 $ 10.050 5,830 Indirect costs 7,950 $ 13,200 $ 18,000 Total costs dir ts Jard: at 4 hc to 6 ho Jirem revio Print Done Print jeld MacBook 1 of 12 (0 complete) York relations tand all ates und * Cost information and rates under previous method i Budgeted information Professional Professional Partner Labour Manager Labour Number of professionals 5 20 Hours of billable time per professional 1,800 per year 1,800 per year Total compensation (average per professional) $ 243,000 $ 90,000 Budgeted information for 2019 relating to the two indirect cost categories is as follows: General Support Administration Support Total costs $ 1,980,000 $ 405,000 Cost allocation base Professional labour-hours Partner labour-hours Print Done Print Done Print ne input field Keaton & Partners is a low im specializing in labour relations and employee related work. It employs 25 professionals (partners and 20 managers) who work directly win ts clients. Previously the firm accounted for professional labour costs in one direct cost account and all other costs in a single indirect cost pool Click the icon to view the cost Wormation and rates under the previous method) Keaton has just completed a review of so-costing system. This review included a detailed analysis of how past jobs used the firm's resources and interviews with personnel about what factors drive the level of Indirect costs Management concluded that a whom with two direct cost categories professional partner labour and professional manager labour) and two indirect cost categories (general support and administration upo) would yield more accurate yob cos, Budgeted information for 2019 related to the two direct cost categories is as follows: Click the con to view the budgeted information Requirement 1. Compute the 2018 budgeted direct costs for a professional partners and professional managers Begin by ding the formula and then enter the amounts to compute both Budgeted direct.com rate per hour Partner Manager Requirement 2. Com 2019 budged indirector al generw support and administration support Bength when enter the most complet both Bedintre cost per hou Choose to be minutes and continue to the matution MacBook OP C 2 3 $ 4 94 5 6 & 7 8 9 0 Q W E R T Y U O P S D F G H K