Falcon Design is an interior design firm. The firm uses a job.cost system in which each client is a different Falcon Design traces direct labor, boensing costs and travel costs directly to each dient alocales indred costs to Jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor Al the beginning of the current year, managing partner Cadence Winston prepared the following budget (Click the icon to view the prepared budget) Later that same year in November, Falcon Design served several clients. Records for two cents appear here: Co the con lo view the records for the ents) Read the women's Requirements Requirement 1. Compute Falcon Design's predetermined indirect cost a location Tute for the current year Identify the formula, the compute the rate (Enter the rest as a whole number) Predetermined indirect 1. Compute Falcon Design's predetermined indirect cost allocation rate for the current year 2. Compute the total cost of each of the two jobs isted 3. Falcon Design wants to eam profits equal to 40% of sales revenue, how much (what totale) should the company charge each of these two clients ? 4. Why does Falcon Design assign costs to jobs? Print Done design firm. The firm uses a job cost system in which each client is a different job." abor, licensing costs, and travel costs directly to each job (client). It allocates indirect determined indirect cost allocation rate computed as a percentage of direct labor At the beginning of the current year, managing partner Cadence Winston prepared the following bu (Click the icon to view the prepared budget.) Later that same year in November, Falcon Design served several clients. Records for two clients a lick the icon to view the records for two clients.) Data Table i Data Table alcon Design's predetermi mpute the rate. (Enter the Direct labor hours (professional) Direct labor costs (professional) Support staff salaries......... . Computer lease payments...... Office supplies.. Office rent 6,250 hours 1,000,000 120,000 45,000 25,000 60,000 Direct labor hours Licensing costs Travel costs Organic Foods 720 hours 2,600 12.000 Top Star.com 55 hours 250 0 $ $ ents? Print Done