Save Homework: Ch 3 Homework Assignment 1 Score: 0 of 1 pt 11 of 12 (9 complete) HW Score: 71.12%, 8.53 of 12 pts P3-46A (similar to) Question Help Kevin & Janet is an advertising agency. The firm uses a job cost system in which At the beginning of the current year, managing partner Jacob Amica prepared a each client is a different job. Kevin & Janet traces direct labor, software licensing budget: costs, and travel costs directly to each job (client). The company allocates Indirect click the icon to view the prepared budget.) costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. During January of the current year, Kevin & Janet served several clients. Records for two clients appear here: II (Click the icon to view the records for two clients.) Read the requirements Requirement 1. Compute Kovin 8 Janet's predetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate Total estimated indirect costs Total estimated direct labor costs Predetermined indirect cost allocation rate per hour Homework: Ch 3 Homework Assignment 1 Sav Score: 0 of 1 pt 11 of 12 (9 complete) HW Score: 71.12%, 8.53 of 12 Data Table Requirements h in which fe licensin tes indired sed on ++++ 17,100 hours prds Direct labor hours (professional) Direct labor costs (professional) Support staff salaries.. Rent and utilities Supplies.. Lease payments on computer hardware $ 2,052,000 $ 180,000 $ 41,000 $ 451,300 63,000 1. Compute Kevin & Janet'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 Kevin & Janet 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 Kevin & Janet assign costs to jobs? allocation costs Print Print Done Done Data Table les Direct labor hours Software licensing costs Travel costs. Go Trip.com Port Chance Golf Resort 720 hours 25 hours 3,000 $ 450 14,000 $ O $ Choose Print Done 6 6 parts romni Check
