Segal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client is a different job. Segal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates At the beginning of 2018, managing partner Gina Eaton prepared the following budget estimates: (Click the icon to view the prepared budget.) indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. In November 2018, Segal Design served several clients. Records for two clients appear here: Read the requirements. (Click the icon to view the records for two clients.) Requirement 1. Compute Segal Design's direct labor rate and its predetermined overhead allocation rate for 2018. (Abbreviation used: OH = overhead.) Begin with the direct labor rate. Compute Segal Design's predetermined overhead cost allocation rate for 2018. Direct labor rate per hour = Predetermined OH cost allocation rate % Requirement 2. Compute the total cost of each job. First, enter the direct costs for each job. Then enter in the indirect costs and compute the total cost for each job. (Enter a "0" for any zero balances.) Segal Design, Inc. Estimated Cost of Yummy Treats and Root Chocolates Jobs i Data Table Direct Costs: Root Yummy Treats Chocolates Data Table Direct labor hours Software licensing costs Travel costs Yummy Treats 800 hours Root Chocolates 200 hours $ 1,500 $ 400 6,000 0 i Requirements Print Done Direct labor hours (professionals) Direct labor costs (professionals) Support staff salaries 8,000 hours $ 1,600,000 662,000 1. Compute Segal Design's direct labor rate and its predetermined overhead allocation rate for 2018. 2. Compute the total cost of each job. 44,000 3. If Eaton wants to earn profits equal to 20% of service revenue, what fee should she charge each of these two clients? 28,000 66,000 4. Why does Segal Design assign costs to jobs? hrs. x hrs. x Choose from any list or enter any number in the input fields and then continue to the nex Computer leases Office supplies Office rent Print Done Print Done Requirement 2. Compute the total cost of each job. First, enter the direct costs for each job. Then enter in the indirect costs and compute the total cost for each job. (Enter a "0" for any zero balances.) Segal Design, Inc. Estimated Cost of Yummy Treats and Root Chocolates Jobs Direct Costs: hrs. x hrs. x Total Direct Costs Allocated Indirect Costs: % x % x Total Costs Yummy Treats Root Chocolates Requirement 3. If Eaton wants to earn profits equal to 20% of service revenue, what fee should she charge each of these two clients? Yummy Treats Root Chocolates $ Requirement 4. Why does Segal Design assign costs to jobs? Segal Design assigns costs to jobs to help the company that cover all costs and contribute to profit. Assigning costs to also can help Segal Design control costs