Data table Direct labor hours (professional) Direct labor costs (professional). 6,250 hours $ 1,000,000 Support staff salaries... $ 120,000 Direct labor hours. Computer lease payments $ 45,000 Licensing costs Office supplies... $ 25,000 Travel costs.... Office rent. 60,000 Print Done Tasty Coop AllFood.com 740 hours 30 hours 2,600 $ 400 6,000 $ 0 Print Done cast allocation rate Falcon Design is an interior design firm. The firm uses a job cost system in which each client is a different "job." Falcon 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 Eileen Flemming 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 clients appear here (Click the icon to view the records for Requirement 1. Compute Falcon 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 direct 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 amour as a whole number. Round your answers to the nearest whole dollar.) Falcon Design Estimated Cost of Tasty Coop and AllFood.com Jobs Direct Costs hours x hours Tasty Coop AllFood com hours x Total Direct Costs Indirect Costs %- Total Cost Requirement 3. If Falcon Design wants to earn profits equal to 30% of sales revenue, how much (what total fee) should the company charge each of these two clients? Identify the formula then determine the amount Falcon Design should charge these clients (Round your answers to the nearest whole dollar) Fee charged % Tasty Coop AllFood.com Requirement 4. Why does Falcon Design assign costs to jobs? Falcon Design assigns costs to jobs to help the company contribute to profit. Assigning costs to that cover all costs and also can help Falcon Design control costs