need help in it please

4-26 Job costing, consulting firm. Frontier Partners, a management consulting firm has the following condensed budget for 2017: Revenues 550,000,000 Total costs: Direct costs Professional Labor S 20,000,000 Indirect costs Client support 25,000,000 45,000,000 Operating income $5,000,000 Frontier has a single direct-cost category (professional labor) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labor costs Required: 1. Prepare an overview diagram of the job-costing system. Calculate the 2017 budgeted indirect-cost rate for Frontier Partners 2. The markup rate for pricing jobs is intended to produce operating income equal to 10% of revenues Calculate the markup rate as a percentage of professional labor costs 3. Frontier is bidding on a consulting job for Sentinel Communications, a wireless communications company. The budgeted breakdown of professional labor on the job is as follows: Professional Labor Category Budgeted Rate per Hour Budgeted Hours Director S200 Partner 100 24 Associate 50 100 Assistant 30 220 9 Calculate the budgeted cost of the Sentinel Communications job. How much will Frontier bid for the job if it is to earn its target operating income of 10% of revenues