Required information [The following information applies to the questions displayed below. JLR Enterprises provides consulting services throughout California and uses a job-order costing system to accumulate the cost of client projects. Traceable costs are charged directly to individual clients, in contrast, other costs incurred by JLR but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. Clients are billed for directly chargeable costs, overhead, and a markup JLR's director of cost management, Brent Dean, anticipates the following costs for the upcoming year: Percentage of Cost Directly lraceabie to Clients Cost Professional staff salaries Administrative support staff Travel Photocopying Other operating costs Total $ 2,500,000 300,000 250,000 50,000 100,000 $3,200,000 80% 60% 90% 90% 50% The firm's partners desire to make a $608,000 profit for the firm and plan to add a percentage markup on total cost to achieve that figure On March 10, JLR completed work on a project for Martin Manufacturing. The following costs were incurred: professional staff salaries, $41,000; administrative support staff, $2,600; travel, $4,500; photocopying, $500; and other operating costs $1,400 Required information [The following information applies to the questions displayed below. JLR Enterprises provides consulting services throughout California and uses a job-order costing system to accumulate the cost of client projects. Traceable costs are charged directly to individual clients, in contrast, other costs incurred by JLR but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. Clients are billed for directly chargeable costs, overhead, and a markup JLR's director of cost management, Brent Dean, anticipates the following costs for the upcoming year: Percentage of Cost Directly lraceabie to Clients Cost Professional staff salaries Administrative support staff Travel Photocopying Other operating costs Total $ 2,500,000 300,000 250,000 50,000 100,000 $3,200,000 80% 60% 90% 90% 50% The firm's partners desire to make a $608,000 profit for the firm and plan to add a percentage markup on total cost to achieve that figure On March 10, JLR completed work on a project for Martin Manufacturing. The following costs were incurred: professional staff salaries, $41,000; administrative support staff, $2,600; travel, $4,500; photocopying, $500; and other operating costs $1,400