lark&Taylor is an Internet advertising agency. The firm uses a job cost system in which each client is a different "job." Clark & T and travel costs directly to each based on a predetermined indirect cost allocation rate based on direct labor hour aylor traces direct labor, software licensing costs job (client). The company allocates indirect costs to jobs At the beginning of the current year, managing partner Yimeng Li pr s. epared a budget Direct labor hours (professiona.. Direct labor costs (professio n al 17,900 hours $1,790,000 $ 160,000 $95,000 S 505,400 $ 63,000 Rent and utilities Supplies Lease payments on computer hardware... During January of the current year, Clark& Taylor served several clients. Records for two clients appear here: Port Chance GoVacation.com Golf Resort 40 hours 720 hours $2,400 $7,000 $200 Travel costs.... Requirements 1. C ompute Clark & Taylor's predetermined indirect cost allocation rate for the curren year based on direct labor hours. 3 If Clark & Taylor wants to earn profits equal to 20% of sales revenue, how much (what . Why does Clark & Taylor assign costs to jobs? 2. Compute the total cost of each job. total fee) should it charge each of these two clients