Software licensing costs Travel costs... $2,700 $7,000 $ 0 Requirements 1. Compute Thomas Design's predetermined indirect cost allocation rate for the current year. 2. Compute the total cost of each of the two jobs listed. how much evenue, (what total fee) should the company charge each of these two clients? 4. Why does Thomas Design assign costs to jobs? P3-54B Prepare job cost record (Learning Objectives 2, 3, & 4) Durable Tire manufactures tires for all-terrain vehicles. Durable Tire uses job costing and has a perpetual inventory system. On November 22, Durable Tire received an order for 100 TX tires from ATV Corporation at a price of $60 each. The job, assigned number 298, was promised for December 10. After purchasing the materials, Durable Tire began production on November 30 and incurred the following direct labor and direct materials costs in completing the order Job Cost Date 11/30 12/3 Labor Time Record No 1896 1904 Description 12 hours at $16 30 hours at $18 Amount $192 $540 Materials Requisition No. 437 439 501 Amount $ 840 $480 $ 800 Date Description 60 pounds rubber at $14 40 meters polyester fabric at $12 100 meters steel cord at $8 11/30 12/2 12/3 Durable Tire allocates manufacturing overhead to jobs on the basis of the relationship between expected overhead costs ($529,000) and expected direct labor hours (23,000). Job 298 was completed on December 3 and shipped to ATV on December 5. Requirements 1. Prepare a job cost record for Job 298 2. Calculate the total profit and the per-unit profit for Job 298