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  3. 1. compute coombes realtors'(a) hourly direct lab

1. Compute Coombes Realtors'(a) hourly direct labor cost rate and(b) predetermined overhead allocation rate....

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Accounting

1.
Compute Coombes Realtors'(a) hourly direct labor cost rate and(b) predetermined overhead allocation rate.
2.
Compute the predicted cost of the Lindsey Manufacturing job.
3.
If Coombes Realtors wants to earn a profit that equals 45% of the job's cost, how much should the company bid for the Lindsey Manufacturing job?
Additional Information
Lindsey Manufacturing, Inc. is inviting several consultants to bid for work. Maisy Coombes wants to submit a bid and estimates that this job will require about 240 direct labor hours.
Direct labor hours (professionals)
19,600 hours
Direct labor costs (professionals)
$2,450,000
Office rent
370,000
Support staff salaries
1,282,500
Utilities
430,000

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