Robia Dosign is an interior design firm. The frm uses a job cost system in which each client is a At the beginning of the current year, mansying parther Elzaben Morin prepared the difterent "lob," Robin Design traces derect labor, licensing costa, and travel costs drectly to each following budgat: job (ciont), th allocatos indirect costs to jobs based on a predetenwined indirect cost allocafion ras (Click the icon to view the prepared budgec) computed as a percortage of drect labor costi. Laler that same year in November, Pobin Design served severat clients. Records for two cients appear here: (Crick the ioch to view the recordi for teo clierta.) Read the mequirements Requirement 1. Compute shobin Desigris prodetensined indirect cont alocation rate for the current yead. Requeremest 2. Compuie the tolal cost of aach of the Two jobe lated. design firm. The firm uses a job cost system in which each client is a At the beginning of the cur in traces direct labor, licensing costs, and travel costs directly to each following budget: rect costs to jobs based on a predetermined indirect cost allocation rate (Click the icon to view of direct labor costs. Later that same year in No clients appear here: (Click the icon to view e requirements. Data table pute the total ot costs for eac put fields. For accounts Jirect costs to jobs based on a predetermined indirect cost allocation rate (Click the ico ee of direct labor costs. Later that same y clients appear he Read the requiren Data table es indirect costs to jobs based on a predetermined indirect cost allocation rate entage of direct labor costs. Requirements 1. Compute Robin Design's predetermined indirect cost allocation rate for the current year. 2. Compute the total cost of each of the two jobs listed. 3. If Robin 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? 4. Why does Robin Design assign costs to jobs? Requirement 3. If Robin Design wants to eaen peofits equal to 20% of sales revenue, how much (what total fee) thould the company charge each of inese tao clients? Idently the formula then determine the amount Robin Design shoudd charge those clionts. (Round your answars fo the nearest wholo dollar) Requirement 4. Why does Robin Design assiga costs to jobs? Robin Design sssigns costs to fobe to helo the compary control costs
