The answer i am looking for is the same problem in the bottom but for different values, please see screen shots. This is the data table:

Peterson Partners, a management consulting firm, has the following condensed budget for

20172017:

(Click the icon to view the condensed budget.)

MaynardMaynard

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

LOADING...

.Requirement 1. Identify the components of the overview diagram of the job-costing system. Calculate the

20172017

budgeted indirect-cost rate for

MaynardMaynard

Partners.

Begin by identify the components of the overview diagram of the job-costing system.

A

}

B

down arrow

A	Indirect Cost Pool
B	Client Support

C

}

D

down arrow

C	Cost Allocation Base
D	Professional Labor Costs

E

}

F

G

E	Cost Object: Job for Consulting Client
F	Indirect Costs
G	Direct Costs

H

}

up arrow

I

H	Direct Costs
I	Professional Labor

Calculate the markup rate as a percentage of professional labor costs.

Determine the formula, then compute the

20172017

budgeted indirect-cost rate for

MaynardMaynard

Partners. (Round the percentage to the nearest hundredth percent, X.XX%.)

(

Budgeted client support costs

/

Allocation base

) =

Budgeted indirect-cost rate

(

$13,040,000

/

$5,000,000

) =

260.8

%

Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to

1212%

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%.)

(

Revenues

/

Budgeted professional labor costs

) =

Markup rate

(

$20,500,000

/

$5,000,000

) =

410

%

Requirement 3.

MaynardMaynard

is bidding on a consulting job for

FastnetFastnet,

a wireless communications company. They have completed a budgeted breakdown of professional labor for the job

LOADING...

. Calculate the budgeted cost of the

FastnetFastnet

job. How much will

MaynardMaynard

bid for the job if it is to earn its target operating income of

12 %12%

of revenues?

Budgeted professional labor costs	$9,375
Budgeted consulting support costs	24,450
Budgeted total costs	$33,825

(Round your answer to the nearest cent.)

Maynard will need to bid $

38,437.50

for the job if it is to earn its target operating income of 12% of revenues.

This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers.

Data Table Revenues $ 20,000,000 Total costs: Direct costs Professional labor Indirect costs $ 5,000,000 Client support 13,000,000 $ 18,000,000 2,000,000 Operating income Print Done Budgeted breakdown of professional labor for the job Professional Labor Category Budgeted Rate per Hour Budgeted Hours $ 200 Director Partner Associate Assistant Print Print Done Done Peterson Partners, a management consulting firm, has the following condensed budget for 2017: (Click the icon to view the condensed budget.) Peterson 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 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2017 budgeted indirect-cost rate for Peterson Partners. Begin by identify the components of the overview diagram of the job-costing system. A Indirect Cost Pool B Client Support c Cost Allocation Base D Professional Labor Costs E } FF TG Cost Object: Job for E Consulting Client F Indirect Costs G Direct Costs H } H Direct Costs | Professional Labor Calculate the markup rate as a percentage of professional labor costs Determine the formula, then compute the 2017 budgeted indirect-cost rate for Peterson Partners. (Round the percentage to the nearest hundredth percent, X.XX%.) = Budgeted client support costs 13,090,000 Allocation base 5,600,000 Budgeted indirect-cost rate 233.75 % ($ Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to 11% of revenues. Calculate the markup rate as a percentage of professional labor costs. Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to 11% 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%.) Revenues | Budgeted professional labor costs ) = Markup rate ( $ 21,000,000 $ 5,600,000 ' ) = 375 % Requirement 3. Peterson is bidding on a consulting job for Guardian, a wireless communications company. They have completed a budgeted breakdown of professional labor for the job. Calculate the budgeted cost of the Guardian job. How much will Peterson bid for the job if it is to earn its target operating income of 11% of revenues? Budgeted professional labor costs $ 10,320 Budgeted consulting support costs 24.123 $ 34,443 Budgeted total costs (Round your answer to the nearest cent.) Peterson will need to bid $ 38,700.00 for the job if it is to earn its target operating income of 11% of revenues. Data Table Revenues $ 20,000,000 Total costs: Direct costs Professional labor Indirect costs $ 5,000,000 Client support 13,000,000 $ 18,000,000 2,000,000 Operating income Print Done Budgeted breakdown of professional labor for the job Professional Labor Category Budgeted Rate per Hour Budgeted Hours $ 200 Director Partner Associate Assistant Print Print Done Done Peterson Partners, a management consulting firm, has the following condensed budget for 2017: (Click the icon to view the condensed budget.) Peterson 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 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2017 budgeted indirect-cost rate for Peterson Partners. Begin by identify the components of the overview diagram of the job-costing system. A Indirect Cost Pool B Client Support c Cost Allocation Base D Professional Labor Costs E } FF TG Cost Object: Job for E Consulting Client F Indirect Costs G Direct Costs H } H Direct Costs | Professional Labor Calculate the markup rate as a percentage of professional labor costs Determine the formula, then compute the 2017 budgeted indirect-cost rate for Peterson Partners. (Round the percentage to the nearest hundredth percent, X.XX%.) = Budgeted client support costs 13,090,000 Allocation base 5,600,000 Budgeted indirect-cost rate 233.75 % ($ Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to 11% of revenues. Calculate the markup rate as a percentage of professional labor costs. Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to 11% 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%.) Revenues | Budgeted professional labor costs ) = Markup rate ( $ 21,000,000 $ 5,600,000 ' ) = 375 % Requirement 3. Peterson is bidding on a consulting job for Guardian, a wireless communications company. They have completed a budgeted breakdown of professional labor for the job. Calculate the budgeted cost of the Guardian job. How much will Peterson bid for the job if it is to earn its target operating income of 11% of revenues? Budgeted professional labor costs $ 10,320 Budgeted consulting support costs 24.123 $ 34,443 Budgeted total costs (Round your answer to the nearest cent.) Peterson will need to bid $ 38,700.00 for the job if it is to earn its target operating income of 11% of revenues