(Click the icon to view the data.) Read the requirements. Data table Requirements 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? 2. What are the job costs of the Laguna Model and the Mission Model using (a) Direct materials and direct labor are paid for on a contract basis. The costs of each normal costing and (b) actual costing? are known when direct materials are used or when direct labor-hours are worked. 3. Why might Acre Construction prefer normal costing over actual costing? direct labor-hours were 166,000 . (Click the icon to view the data.) Read the ! Requirement 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate. ]==BudgetedindirectcostrateperDLH Identify the formula to calculate the actual indirect cost rate and then calculate the rate. These rates differ because Requirement 2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? (a) Identify the formula to calculate the indirect costs under normal costing and then calculate the indirect costs for each model. (Normalcosting)LagunaMission]perDLHperDLH[==[Indirectcosts Now calculate the total costs using normal costing for each model. (b) Identify the formula to calculate the indirect costs under actual costing and then calculate the indirect costs for each model. Now calculate the total costs using actual costing for each model. \begin{tabular}{cc} Actual Costing & LagunaModel \\ \hline Total costs & MissionModel \\ \hline \end{tabular} enables Acre to report a job cost as soon as the job is completed. provides more accurate cost data Requirement 3 . Why might Acre Construction prefer normal costing over actual costing? results in higher profits. Acre Construction might prefer normal costing over actual costing because normal costing Acre can use this information to