Part 1 of 5 Points: 0 of 20 Save Kinnett & Associates is a law firm specializing in labor relations and employee-related work. It employs 20 professionals (5 partners and 15 associates) who work directly with its clients. The average budgeted total compensation per professional for 2020 is $97,500 Each professional is budgeted to have 1,250 billable hours to clients in 2020 All professionals work for clients to their maximum 1,250 billable hours available. All professional labor costs are included in a single direct cost category and are traced to jobs on a per-hour basis. All costs of Kinnett & Associates other than professional labor costs are included in a single indirect-cost pool (legal support) and are allocated to jobs using professional labor-hours as the allocation base. The budgeted level of indirect costs in 2020 is $1,750,000 Read the focuremen Requirement 1. Identity the components of the overview diagram of Kinnetts job-costing system H } } B C D E F G H } T Question 2, P4-37 (similar to) Part 1 of 5 HW Score: 0%, 0 of 100 points O Points: 0 of 20 tt & Associates is a law firm specializing in labor relations and employee-related work. It employs 20 professionals (5 partners and 15 associates) who work d Compensation per professional for 2020 is $97,500. Each professional is budgeted to have 1,250 billable hours to clients in 2020, All professionals work for cli ble. All professional labor costs are included in a single direct-cost category and are traced to jobs on a per-hour basis. All costs of Kinnett & Associates othem indirect-cost pool (legal support) and are allocated to jobs using professional labor-hours as the allocation base. The budgeted level of indirect costs in 2020 the requiremsets Requirements irement 1. Id } } 1. Identify the components of the overview diagram of Kinnett's job-costing system 2. Compute the 2020 budgeted direct-cost rate per hour of professional labor 3. Compute the 2020 budgeted indirect-cost rate per hour of professional labor 4. Kinnett & Associates is considering bidding on two jobs a. Litigation work for Richardson, Inc., which requires 125 budgeted hours of professional labor. b. Labor contract work for Punch, Inc., which requires 165 budgeted hours of professional labor. Prepare a cost estimate for each job. } Print Done X 04 Question 2, P4-37 (similar to) HW Score: 34.95%, 34.95 of 100 points O Points: 0 of 20 Kinnett & Associates is a law firm specializing in labor relabons and employee related work employs 20 professionals (5 partners and 15 ansociates) who work directly with its client. The Save total compensation per professional for 2020 is $97,500 Each professional is budgeted to have 1,250 binatie hours to clients in 2020 All professions work for cherts to the maximum 1,250 bble hours avalable. All professional labor costs are included in a single desct-cost category and are traced to jobs on a per hour basis. A costs of Kennels & Associates other than professional labor costs are included in segle indrect-cost pool (legal support) and are allocated to jobs using professional labor hours as the slocation tase The budgeted levet of indirect costs in 2020 is $1.750 000 Read the requirements Requirements Requirement 1. id A } 1. 2 identify the components of the overview degram of Knnett's job-costing syste Compute the 2020 tudgeted direct-cast rate per hour of professional bor 3. Compute the 2020 budgeted indirect cost rate hour of professional bor 4 Kinnen & Associates is considering bidding } a Ligation work for Richardson, Inc, which requres 125 budgeted hours of prosional labor b. Labor contract work for Punch, inc, which regures 105 budgeted hours of professional labor Prepare a cost estimate for each job H } Print Done Clear all Check answer Question 2, P4-37 (similar to) Part 1 of 5 tes is a law firm specializing in labor relations and employee-related work. It employs 20 profes h per professional for 2020 is $97,500. Each professional is budgeted to have 1,250 billable ho ssional labor costs are included in a single direct-cost category and are traced to jobs on a pe t pool (legal support) and are allocated to jobs using professional labor-hours as the allocation ments. dentify the components of the overview diagram of Kinnett's job-costing sy B A B D CD F E F G H Requi 1234 Identi Comp Comp Kinne b. La Prepa