Question 9 (2 points) With the allocation method that you selected in question #6 for IR, what is the overhead rate? (Use the following table to answer this question) Account Table 1. Company and Profit Center Budgets Company CNW CR IR $ % $ $ % $ 10,000,000.00 100.00% 6,000,000.00 100.00% 3,000,000.00 100.00% 1,000,000.00 100.00 Revenue (Earnings) Cost of Construction abor Materials iub Contracts Other fotal Direct Cost 1,360,000.00 3,145,000.00 2,550,000.00 170,000.00 7,225,000.00 13.60% 535,500.00 31.45% 2,059,975.00 25.50% 2,550,000.00 1.70% 170,000.00 72.25% 5,315,475.00 8.93% 527,000.00 17.57% 34.33% 1,085,025.00 36.17% 42.50% 0.00% 2.83% 0.00% 88.59% 1,612,025.00 53.73% 297,500.00 29.75 0.00 0.00 0.00 297,500.00 29.75 27.75% 46.27% 70.25 Gross Profit Total Operating Expense Net Profit (Before Tax) 2,775,000.00 1,019,950.00 1,755,050.00 684,525.00 512,996.00 171,529.00 11.41% 1,387,975.00 385,242.00 2.86% 1,002,733.00 702,500.00 121,713.00 580,787.00 17.55% 33.42% 58.08 A) 36.86% OB) 40.91% C) 57.88% D) 25.78% Question 9 (2 points) With the allocation method that you selected in question #6 for IR, what is the overhead rate? (Use the following table to answer this question) Account Table 1. Company and Profit Center Budgets Company CNW CR IR $ % $ $ % $ 10,000,000.00 100.00% 6,000,000.00 100.00% 3,000,000.00 100.00% 1,000,000.00 100.00 Revenue (Earnings) Cost of Construction abor Materials iub Contracts Other fotal Direct Cost 1,360,000.00 3,145,000.00 2,550,000.00 170,000.00 7,225,000.00 13.60% 535,500.00 31.45% 2,059,975.00 25.50% 2,550,000.00 1.70% 170,000.00 72.25% 5,315,475.00 8.93% 527,000.00 17.57% 34.33% 1,085,025.00 36.17% 42.50% 0.00% 2.83% 0.00% 88.59% 1,612,025.00 53.73% 297,500.00 29.75 0.00 0.00 0.00 297,500.00 29.75 27.75% 46.27% 70.25 Gross Profit Total Operating Expense Net Profit (Before Tax) 2,775,000.00 1,019,950.00 1,755,050.00 684,525.00 512,996.00 171,529.00 11.41% 1,387,975.00 385,242.00 2.86% 1,002,733.00 702,500.00 121,713.00 580,787.00 17.55% 33.42% 58.08 A) 36.86% OB) 40.91% C) 57.88% D) 25.78%