Question 2 (circle your final answers) Cardinal.com is an internet advertising agency. The firm uses a job cost system in which cach client is a different "job." Cardinal.com 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 indirect labor hours. At the beginning of the current year, managing partner Jon Augustine prepared a budget: Direct labor hours (professional) 17,200 hours Direct labor costs (professional) $2,236,000 Support staff salaries $120,000 Rent and utilities $47,000 Supplies $523,800 Lease payments on computer hardware $66,000 During January of the current year, Cardinal.com served several clients. Records for two clients appear here: Port Baltimore Altrips.com Golf Resort Direct labor hours 770 hours 45 hours Software licensing costs $2,700 $300 Travel costs $10.000 $0 Required: 1. Computo Cardinal.com'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 Cardinal.com wants to earn profits equal to 20% of sales revenue, how much (what total foc) should it charge each of these two clients? 4. Why does Cardinal.com assign costs to jobs