Segal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client At the beginning of 2018, managing partner Gina Adessa prepared the following budget estimates: is a different job. Segal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates (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: (Click the icon to view the records for two clients.) Read the requirements. 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. Estimated direct labor costs Estimated direct labor hours Direct labor rate 250 per hour 2000000 8000 Compute Segal Design's predetermined overhead cost allocation rate for 2018. Actual OH costs Actual direct labor costs = Predetermined OH cost allocation rate 800000 2000000 40 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 "O" for any zero balances.) Segal Design, Inc. Estimated Cost of Delicious Treats and Root Chocolates Jobs Root Delicious Treats Chocolates Choose from any list or enter any number in the input fields and then continue to the next question. Segal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client At the beginning of 2018, managing partner Gina Adessa prepared the following budget estimates: is a different job. Segal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates (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: (Click the icon to view the records for two clients.) Read the requirements. Estimated Cost of Delicious Treats and Root Chocolates Jobs Root Delicious Treats Chocolates Direct Costs: hrs. hrs. x Total Direct Costs Allocated Indirect Costs: % % x Total Costs Choose from any list or enter any number in the input fields and then continue the next question Segal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client At the beginning of 2018, managing partner Gina Adessa prepared the following budget estimates: is a different job. Segal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates (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: (Click the icon to view the records for two clients.) Read the requirements. hrs. x Total Direct Costs Allocated Indirect Costs % x % x Total Costs Requirement 3. If Adessa wants to earn profits equal to 40% of service revenue, what fee should she charge each of these two clients? Delicious Treats S Root Chocolates S Requirement 4. Why does Segal Design assign costs to jobs? Segal Design assigns costs to jobs to help the company set fees that cover all costs and contribute to profit. Assigning costs to individual clients also can help Segal Design control costs. Choose from any list or enter any number in the input fields and then continue the next question. Segal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client At the beginning of 2018, managing partner Gina Adessa prepared the following budget estimates: is a different job. Segal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates (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: (Click the icon to view the records for two clients.) Read the requirements. 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. Estimated direct labor costs Estimated direct labor hours Direct labor rate 250 per hour 2000000 8000 Compute Segal Design's predetermined overhead cost allocation rate for 2018. Actual OH costs Actual direct labor costs = Predetermined OH cost allocation rate 800000 2000000 40 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 "O" for any zero balances.) Segal Design, Inc. Estimated Cost of Delicious Treats and Root Chocolates Jobs Root Delicious Treats Chocolates Choose from any list or enter any number in the input fields and then continue to the next question. Segal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client At the beginning of 2018, managing partner Gina Adessa prepared the following budget estimates: is a different job. Segal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates (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: (Click the icon to view the records for two clients.) Read the requirements. Estimated Cost of Delicious Treats and Root Chocolates Jobs Root Delicious Treats Chocolates Direct Costs: hrs. hrs. x Total Direct Costs Allocated Indirect Costs: % % x Total Costs Choose from any list or enter any number in the input fields and then continue the next question Segal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client At the beginning of 2018, managing partner Gina Adessa prepared the following budget estimates: is a different job. Segal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates (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: (Click the icon to view the records for two clients.) Read the requirements. hrs. x Total Direct Costs Allocated Indirect Costs % x % x Total Costs Requirement 3. If Adessa wants to earn profits equal to 40% of service revenue, what fee should she charge each of these two clients? Delicious Treats S Root Chocolates S Requirement 4. Why does Segal Design assign costs to jobs? Segal Design assigns costs to jobs to help the company set fees that cover all costs and contribute to profit. Assigning costs to individual clients also can help Segal Design control costs. Choose from any list or enter any number in the input fields and then continue the next