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Anderson Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2019, Anderson budgets 2020 assembly-support costs to be $8,300,000 and 2020 direct labor-hours to be 166,000. At the end of 2020, Anderson is comparing the costs of several jobs that were started and completed in 2020. (Click the icon to view the data.) Read the requirements - Data table Construction period Direct materials costs Direct labor costs Direct labor-hours $ Laguna Model Feb-June 2020 106,250 $ $ 36,625 $ 960 Mission Model May-Oct 2020 127,125 41,320 1,030 Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. The 2020 actual assembly-support costs were $5,635,000, and the actual direct labor-hours were 161,000. Print Done Requirement 1. Compute the budgeted indirect cost rate and actual indirect cost rate. Why do they differ? Identify the formula to calculate the budgeted indirectorate and the calculate the Budgeted indirect controle DLH identity the formula to calculate the actual direct cost rate and the calculate the rate Acta de corte Der DUH These rates differ because Requirement 2. What are the job costs of the Laguna Model and the Masion Model using a normal conting and (b) actual conting? Cat Identify the formula to calculate the indirect conts under normal costing and then calculate the indirect costs for each model Nom til Indirect.com Laguna perDLH Mesin pero Choose from any list or enter any number in the input fell and then continue to the next question per DLH X 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. (Normal costing) Indirect costs Laguna Mission Now calculate the total costs using normal costing for each model. Laguna Mission Normal costing model model per DLH X Total costs X (b) identify the formula to calculate the indirect costs under actual conting and then calculate the indirect costs for each model, (Actual coatino) Indirect costs Laguna per DLH Mission per DLH Now calculate the total costs using actual costing for each model Laguna Actual Coating Model Model Mission Total costs Requirement 3. Why might Avery Construction prefer normal costing over actual costing? Avery Construction might prefer normal costing over actual costing because normal costing Avery can use this information to enables Avery to report a job cost as soon as the job is completed Choose from any list or enter any number in the input fields and then continue to the provides more accurate cost data. results in higher profita Requirement 3. Why might Avery Construction prefer normal coating over actual conting? Avery Construction might prafer normal costing over actual conting because normal costing information to Avery can use this Choose from stion evaluate previous years earnings manage the cost of their current jobs and bid on similar jobs later in the year