Vin & Connie is an advertising agency. The firm uses a job cost system in which each client is a different "job." Vin & Connie traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours At the beginning of the current year, managing partner Jacob Aloco prepared a budget (Click the icon to view the prepared budget.) During January of the current year, Vin & Connis served several clients Records for two cients appear here (Click the icon to view the records for two clients.) Road the requirements Requirement 1. Compute Vin & Connie's predetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate. Predetermined indirect cost allocation rate per hour Requirement 2. Compute the total cost of each job. First enter the direct costs for each job, then enter the indirect costs and total cost for the jobs. (Complete all input fields. For accounts with no balance, make sure to enter "0" in the appropriate column.) Vin & Connie is an advertising agency. The firm uses a job cost system in which each client is a different "job" Vin & Connie traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. At the beginning of the current year, managing partner Jacob Alloco prepared a budget (Click the icon to view the prepared budget) During January of the current year. Vin & Connie served several clients. Records for two clients appear here (Click the icon to view the records for two clients.) Read the requirements. Requirement 2. Compute the total cost of each job. First enter the direct costs for each job, then enter the indirect costs and total cost for the jobs. (Complete all Input Selds. For accounts with no balance, make sure to enter "0" in the appropriate column) Vin & Connie Estimated Cost of FreeBird.com and Port Aziz Jobs FreeBird.com Port Aziz Golf Resort Direct Costs: merung icy ine sirm uses a job cost system in which each client is a different job." Vin & Connie traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours At the beginning of the current year, managing partner Jacob Alloco prepared a budget (Click the icon to view the prepared budget.) During January of the current year, Vin & Connie served several clients Records for two clients appear here: (Click the loon to view the records for two clients) Read the requirements Direct Costs: Estimated Cost of FreeBird.com and Port Aziz Jobs FreeBird.com hours hours x Port Aziz Golf Resort maining: 02:58:46 ort possible Subm Vin & Connie is an advertising agency. The firm uses a job cost system in which each client is a different job." Vin & Connie traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours, At the beginning of the current year, managing partner Jacob Aloco prepar (Click the icon to view the prepared budget.) During January of the current year, Vin & Connie served several clients. F two clients appear here (Click the icon to view the records for two clients.) Read the requirements Total Direct Costs Indirect Costs: Total Ma $ $ hours x hours X hours hours Time Remaining: 02:58:3 Indirect costs: hours hours $ Total Cost Requirement 3. If Vin & Connie wants to earn profits equal to 20% of sales revenue, how much (what total fee) should it charge each of these two clients? Determine the formula to compute the amount Vin & Connie should charge these clients, then compute the amounts. (Round your answers to two decimal places, XXX) FreeBird.com Fee charged wvertising agency. The firm uses a job cost system in which each client is a different job." Vin & Connie traces direct labor, software Scensing costs, and travel costs directly to each job (client) The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours At the beginning of the current year, managing partner Jacob Aloos prepared a budget (Click the loon to view the prepared budget During January of the cument year, Vin & Connie served several clients Reconds for two clents appear here (Click the icon to view the reconts for two cents) Read the requirements Determine the formula to compute the amount Vin & Connie should charge these clients, then compute the amounts (Hound your answers to two decimal places, XXX) FreeBird.com Port Aziz Golf Resort + Requirement 4. Why does Vin & Connie assign costs to jobs? Vin & Connie assign costs to jobs to help the company Vin & Connie control costs Fee charged that cover all costs and contribute to profit. Assigning costs to Yalso can help: Data table Direct labor hours (professional) rep ar ....... 17,800 hours eco Direct labor costs (professional) ..... $ 1,691,000 Support staff salaries Rent and utilities Supplies Lease payments on computer hardware $ 200,000 $ 69 52,000 69 $ 339,600 s to 69 $ 67,000 Print Done sts to Data table Direct labor hours FreeBird.com 790 hours 2,200 $ $ 10,000 $ Software licensing costs... $ Travel costs Port Aziz Golf Resort 50 hours 500 0 - X