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Requirement 1. Compute Crow Design's predetermined indirect cost allocation rate for the current year. Identify the formula, then compute the rate. (Enter the result as
Requirement 1. Compute Crow 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 Total estimated indirect Total estimated direct costs labor cost = cost allocation rate $ 276,000 1,200,000 23 % Requirement 2. Compute the total cost of each of the two jobs listed. First enter in the direct costs for each job, then enter in the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter Crow Design Estimated Cost of Dining Coop and AllNews.com Jobs Dining Coop AllNews.com Direct Costs: Direct labor hours 750 x S 150 $ 112,500 hours 60 x S 150 $ 9,000 Licensing costs 2,700 100 Travel 5,000 Total Direct Costs $ 120,200 $ Indirect Costs: $ 112,500 25,875 23 %* $ 9,000 2,070 Total Cost 146,075$ 11,170 0 9,100 23 % Requirement 3. If Crow Design wants to earn profits equal to 20% of sales revenue, how much (what total fee) should the company charge each of these two clients? Identify the formula then determine the amount Crow Design should charge these clients. (Round your answers to the nearest whole dollar.) % of costs to Total job cost = Fee charged Dining Coop 146,075 + revenue
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