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Attleboro 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 2016, Attleboro budgets 2017 assembly-support costs to be $8,700,000 and 2017 direct labor-hours to be 145,000. At the end of 2017, Attleboro is comparing the costs of several jobs that were started and completed in 2017 Read the reguirements Requirement 1. Compute the (a) budgeted indirect-cost rate and (b)actual indirect-cost rate. Why do they differ? ldentify the formula to calculate the budgeted indirect cost rate and then calculate the rate. (Click the icon to view the data.) Data Table Laguna Model Mission Model Construction period Direct materials costs Direct labor costs Direct labor-hours Feb-June 2017 May-Oct 2017 127,450 41,520 1,030 Budgeted indirect cost rate 106,760 per DLH 36,625 $ 990 ldentify the formula to calculate the actual indirect cost rate and then calculate the rate 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 2017 actual assembly-support costs were $7,470,000, and the actual direct labor-hours were 166,000 Actual indirect cost rate per DLH These rates differ because Reauirement 2. What are the iob costs of the Laauna Model and the Mission Model usina (a) normal costina and (b) actual costin PrintDone

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