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Vista Design is an interior design firm. The firm uses a job cost system in which each client is a different job. Vista Design
Vista Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Vista Design traces direct labor, licensing costs, and travel costs directly to each job (client). It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate computed as a percentage of direct labor costs. At the beginning of the current year, managing partner Kate Coddair prepared the following budget: (Click the icon to view the prepared budget.) Later that same year in November, Vista Design served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) Read the requirements. Requirement 1. Compute Vista Design's predetermined indirect cost allocation rate for the current year. Identify the formula, then compute the rate. (Enter the result as a whole number.) Predetermined indirect cost allocation rate % Requirement 2. Compute the total cost of each of the two jobs listed. First enter in the direct costs for each job, then enter in 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 cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole dollar.) Direct Costs: Vista Design Estimated Cost of Food Place and AllFood.com Jobs hours x hours x Food Place AllFood.com
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