Question: please show work as well Chapter 03 Graded Homework Score: 0 of 8 pts 5 of 5 (4 comp P3-52A (similar to) Vin & Connie


Chapter 03 Graded Homework Score: 0 of 8 pts 5 of 5 (4 comp P3-52A (similar to) Vin & Connie is an advertising agency. The firm uses a job cost system in which each client is a different "job." Vin & Connie traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. At Du Re Requirement 1. Compute Vin & Connie's predetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate. Total estimated indirect costs Total estimated direct labor costs Predetermined indirect cost allocation rate per hour urrent year based on direct labor hours. i i Data Table ---- Direct labor hours (professional) ........ 17,400 hours Direct labor costs (professional). ....$ 2,610,000 Support staff salaries .... $ 140,000 Rent and utilities .... $ 51,000 Supplies .... $ 400,200 Lease payments on computer hardware .. $ 70,000 Print Done er. allocation rate Il 0 Data Table - X All Trips.com Port Breeze Golf Resort . .. 730 hours 65 hours Direct labor hours Software licensing costs ... $ Travel costs $ 3,000 $ 350 9,000 $ 0 Print Done
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