Requirements 1. Compute Mark \& Melody'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 Mark \& Melody 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 Mark \& Melody assign costs to jobs? Requirement 1. Compute Mark \& Melody's predetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate