Taylor Partners, a management consulting firm, has the following condensed budget for 2020 : (Click the icon to view the condensed budget.) Taylor has a single direct-cost category (professional labor) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labor costs. Read the requirements. Calculate the markup rate as a percentage of professional labor costs. Determine the formula, then compute the 2020 budgeted indirect-cost rate for Taylor Partners. (Round the percentage to the nearest hundredth percent; X.XX%.) Requirement 2. The markup rate for pricing jobs is intended to produce opwating income equal to 10% of revenues. Calculate the markup rate as a percentage of professional labor costs. Taylor Partners, a management consulting firm, has the following condensed budget for 2020 : (Click the icon to view the condensed budget.) Taylor has a single direct-cost category (professional labor) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labor costs. Read the requirements. Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to 10% of revenues. Calculate the markup rate as a percentage of professional labor costs. Determine the formula, then compute the markup rate as a percentage of professional labor costs. (Round the percentage to the nearest hundredth percent, X.XX%.) Requirement 3. Taylor is bidding on a consulting job for SuperWire, a wireless communications company. They Data table Requirements 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2020 budgeted indirect-cost rate for Taylor Partners. 2. The markup rate for pricing jobs is intended to produce operating income equal to 10% of revenues. Calculate the markup rate as a percontage of protessional labor costs. 3. Taylor is bidding on a consulting job for SuperWire, a wiroless communications company. The budgeted breakdown of professional labor on the job is as follows: 2. The markup rate tor pricing jobs is intended to produce operating income equal to 10% of revenues. Calculate the markup rate as a percentage of professional labor costs. 3. Taylor is bidding on a consulting job for SuperWire, a wireless communications company. The budgeted breakdown of professional labor on the job is as follows: Calculate the budgeted cost of the SuperWire job. How much will Taylor bid for the job if it is to earn its target operating income of 10% of revenues