Pelican Design is an interior design fm. The firm uses a job cost system in which each clent is a different Pulcan Design traces direct labor, loensing costs, and travel costs directy based on a predetermined indirect cost allocation rate i percentage of directi At the beginning of the curent year, managing partner Sarah Mars prepared the following budget Click the icon to view the prepared budget) Later that same your in November, Pelican Design served several clients Racords for two cents par here Click the icon to view the records for two cents) Read the routemects Requirement 1. Compute Pelican Design's predetermined indirect cost alocation rate for the current year Identify the formula then compute the rate for the result as a whole number) Predne indirect Data table Direct labor hours grofessional)... Direct labor costs (pl) 8.000 hours $1,000,000 Support staff salaries. 80.000 Computer lease payments 4 46,000 Office supplies $ 21.000 Office S 40.000 Requirements 1. Compute Pelican Design's predetermined indirect cost allocation rate for the current year 2. Compute the total cost of each of the two jobs listed 3. Pulcan Design wants to sam profits equal to 10% of sales revenue, how much (what total fee) should the company charge each of these two cents 4. Why does Pelican Design assign costs to jobs? X Data table Direct labor hours Licensing costs. Travel costs Fancy Food AlFood.com 200 hours 35 hour 2.700 7,000 $ Pelican Design is an interior design firm. The fem uses a job cost system in which each client is a different job." Pelican Design traces direct labor, loensing costs, and travel costs directly to each job (client) allocates indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor cos At the beginning of the cument year, managing partner Sanh Muvo prepared the folowing budget Later that same year in November, Pelican Design served several clients Records for two clients appear her (Click the soon to view the records for two cents Read the ments Requirement 1. Compute Pelican Design's predetermined indirect cost allocation rate for the center Identify the formula, than compute the rate (Enter the result as a whole number) Predetermined in cost allocation < Data table tion r er.) Direct labor hours (professional) ... 8,000 hours Direct labor costs (professional) ..... $ 1,000,000 Support staff salaries..... . $ 80,000 Computer lease payments... 46,000 Office supplies..... Office rent.... 25,000 $ 49,000 Data table 2,700 $ 7,000 $ AllFood.com 35 hours 250 0 Fancy Food Direct labor hours..... 760 hours Licensing costs....... $ Travel costs - Requirements 1. Compute Pelican Design's predetermined indirect cost allocation rate for the current year. 2. Compute the total cost of each of the two jobs listed. 3. If Pelican Design wants to earn profits equal to 10% of sales revenue, how much (what total fee) should the company charge each of these two clients? 4. Why does Pelican Design assign costs to jobs? Pelican Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Pelican Design traces direct labor, licensing costs, and travel costs directly to each job (client). It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor costs. At the beginning of the current year, managing partner Sarah Munro prepared the following budget: (Click the icon to view the prepared budget.) Later that same year in November, Pelican Design served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) Read the requirements. Requirement 1. Compute Pelican Design's predetermined indirect cost allocation rate for the current year. Identify the formula, then compute the rate. (Enter the result as a whole number.) Predetermined indirect cost allocation rate % r, At the beginning of the current year, managing partner Sarah Munro prepared the following budget: Data table Direct labor hours (professional) 8,000 hours Direct labor costs (professional) ..... $ 1,000,000 Support staff salaries..... $ 80,000 ta Computer lease payments... $ 46,000 Office supplies... $ 25,000 Office rent... $ SA 49,000 - Later that same year in November, Pelican Design served several clients. Records for two clients appear here: Data table Fancy Food AllFood.com Direct labor hours..... 760 hours 35 hours Licensing costs....... $ 2,700 $ 250 Travel costs $ 7,000 $ 0 - >