X Condensed Budget Revenues $ 20,500,000 Total costs: Direct costs Professional labour $ 5,000,000 Indirect costs Client support 13,040,000 18,040,000 $ 2,460,000 Operating income Print Done Required 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2017 budgeted indirect-cost rate for Anderson Partners. 2. The markup rate for pricing jobs is intended to produce operating income equal to 12% of revenues. Calculate the markup rate as a percentage of professional labour costs. 3. Anderson is bidding on a consulting job for Guardian, a wireless communications company. The budgeted breakdown of professional labour on the job is as follows: Professional Labour Category Budgeted Rate per Hour Budgeted Hours Director 199 2 Partner 104 15 Associate 52 41 Assistant 35 151 Calculate the budgeted cost of the Guardian job. How much will Anderson bid for the job if it is to earn its target operating income of 12% of revenues ? $ Print Done Anderson Partners, a management consulting firm, has the following condensed budget for 2017: E: (Click the icon to view the condensed budget.) Anderson has a single direct-cost category (professional labour) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labour costs. Required Requirement 1. Identify the components of the overview diagram of the job-costing system. Calculate the 2017 budgeted indirect-cost rate for Anderson Partners. Begin by identifying the components of the overview diagram of the job-costing system. B A } B } D F E E } F G G . } Determine the formula, and then compute the 2017 budgeted indirect-cost rate for Anderson Partners. (Round the percentage to the nearest hundredth percent, X.XX%.) ( Budgeted indirect-cost rate ( ) % Requirement 2. The markup rate for pricing jobs is intended to produce operating income equal to 12% of revenues. Calculate the markup rate as a percentage of professional labour costs. Determine the formula, and then compute the markup rate as a percentage of professional labour costs. (Round the percentage to the nearest hundredth percent, X.XX%.) ) = Markup rate ( % Requirement 3. Anderson is bidding on a consulting job for Guardian, a wireless communications company. They have completed a budgeted breakdown of professional labour for the job. Calculate the budgeted cost of the Guardian job. How much will Anderson bid for the job if it is to earn its target operating income of 12% of revenues? Budgeted professional labour costs Budgeted consulting support costs Budgeted total costs (Round your answer to the nearest cent.) Anderson will need to bid $ for the job if it is to earn its target operating income of 12% of revenues