Kurt & Theresa is an advertising agency. The firm uses a job cost system in which each client is a different "job." Kurt &Theresa traces At the beginning of the current year, managing partner Jonathon Amica prepared a budget direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based EClick the con to view the prepared budget on a predetermined indirect cost allocation rate based on direct labor hours During January of the current year, Kurt & Theresa served several clients. Records for two clients appear here: lCick the icon to view the records for two clients.) Read the rapuiraments Requirement 1. Compute Kurt & Theresa's pradetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetarmined indirect cost allocation rate - Predetermined indirect cost allocation rate per hour Data Table Data Table Requirements 17,500 hours S 1,750,000 170,000 S 46,000 S 424 000 60,000 Direct labor hours (professional) Direct labor costs (professional) Support staff salaries Rent and utilities. Supplies Lease payments on computer hardware. S Port Adak 1. Compute Kurt& Theresa's predetermined indirect cost allocation rate for the curent year based on direct labor hours Compute the total cost of each job If Kurt & Theresa wants to earn profits equal to 20% of sales revenue, how much (what total fee) should it charge each of these two clients Why does Kurt & Theresa assign costs to jobs? Golf Resort 65 hours 500 LuxuryTrips.com 2. 3. Direct labor hours Software licensing costs5 Travel costs 730 hours 2,100 S 2,000 S 4. Print Done Print Done Print Done k