The law firm of Smith & Jones has a staff of 30 lawyers and administrative staff. Budgeted total costs of the firm total $4,000,000 of which $2,500,000 is direct-labor costs. Assuming that the remaining costs are indirect and direct-labor cost is the allocation base, calculate the budgeted indirect cost rate. 63% of direct-labor cost 160% of direct-labor cost 38 of direct-labor cost 60% of direct-labor cost Question 49 (2 points) Answer the following questions using the information below: Pearl Corp, applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $60 per direct manufacturing labor hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $50,000; 400 direct manufacturing labor-hours at 520 per hour; and a 30% markup rate on total manufacturing costs. The bid price for this special order is $116.500 (586,600