this is one question .. please do these .. please

bri (Body) v 11 " Page Break Problem 1 (25 marks): Kidman has just completed a review of its job-costing system. This review included a detailed analysis of how past jobs used the firm's resources and interviews with personnel about what factors drive the level of indirect costs. Management concluded that a system with two direct-cost categories (professional partner labor and professional associate labor) and two indirect-cost categories (general support and secretarial support) would yield more accurate job costs. Budgeted information for 2017 related to the two direct-cost categories is as follows: Professional Partner Labor Number of professionals Hours of billable time per professional Total compensation (average per professional) 5 1,500 per year $210,000 Professional Associate Labor 25 1,500 per year $75,000 Budgeted information for 2017 relating to the two indirect-cost categories is as follows: General Support Total costs Cost-allocation base $2,025,000 Professional labor- hours Secretarial Support $450,000 Partner labor- hours Required 1. Compute the 2017 budgeted direct-cost rates for (a) professional partners and (b) brofessional associates Professional Partner Inbox Number of professionals Hours of billable time per professional Total compensation (average per professional) 5 1,500 per year $210,000 Proles tonal Associate labor 25 1,500 per year $75,000 Budgeted information for 2017 relating to the two indirect cost categories is as follows: General Support Total costs Cost-allocation base $2,025,000 Professional labor- hours Secretarial Support $450,000 Partner labor- hours Required 1. Compute the 2017 budgeted direct-cost rates for (a) professional partners and (b) professional associates. 2. Compute the 2017 budgeted indirect-cost rates for (a) general support and (b) secretarial support. 3. Compute the budgeted costs for the Richardson and Punch jobs, given the following information: Richardson, Inc. Punch, Inc. Professional partners 48 hours 32 hours Professional 72 hours 128 hours associates