PLEASE ANSWER REQUIREMENTS 1-7

Kurt & Theresa is an advertising agency. The firm uses a job cost system in which each client is a different "job." Kurt & Theresa traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. At the beginning of the current year, managing partner John Allota prepared a budget: View the prepared budget. View additional information. Read the requirements. Requirement 1. Compute Kurt & Theresa's predetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate. Total estimated indirect costs Total estimated direct labor hours + + = = Predetermined indirect cost allocation rate per hour

Prepared budget Kurt \&. Theresa is an advertising agency. The firm uses a job cost system in which each client is a different "job." Kurt & Theresa traces direct labor software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. At the beginning of the current year, managing partner John Allota prepared a budget View the prepared bugget: Read the reguirements. Requirement 1. Compute Kurt \& Theresa's predetermined indirect cost allocation rate for the current year based on direct labor hours Rquirements 1. Compute Kurt \& Theresa's predetermined indirect cost allocation rate for the current year based on direct labor hours. 2. Compute the total cost of each job. 3. If Kurt \& Theresa wants to earn profits equal to 20% of sales revenue, how much (what total fee) should it charge each of these two clients? 4. Why does Kurt \& Theresa assign costs to jobs? Additional information During January of the current year, Kurt \& Theresa served several clients. Records for two clients appear here