ment 4- Chapter M2 Question 5, PM2-36A (similar to) Pelican Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system Kin which each client is a different job. Pelican Design assigns direct labor, licensing costs, and travel costs directly to each job. I allocates indirect costs to jobs based on a predetermined overhead alocation rate, computed as a percentage of direct labor costs Read the requirements HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save At the beginning of 2024, managing partner Kelly Adessa prepared the following budget estimates (Click the icon to view the prepared budget.) In November 2024, Pelican Design served several clients. Records for two clients appear here (Click the icon to view the records for two clients.) Requirement 1. Compute Pelican Design's direct labor rate and its predetermined overhead allocation rate for 2024 (Abbreviation used OH overhead) Begin with the direct labor rate. Direct labor rate per hour Requirements 1. Compute Pelican Design's direct labor rate and its predetermined overhead alocation rate for 2024 2. Compute the total cost of each job 3. Adessa wants to earn profits equal to 20% of service revenue, what fee should she charge each of these two clients? 4. Why does Pelican Design assign costs to jobs? Print Done