Cardinal Design, Inc. is a Web site design and consulting firm. The firm uses a...
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Cardinal Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client is a different job. Cardinal Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. Read the requirements. At the beginning of 2024, managing partner Gina Adessa prepared the following budget estimates: (Click the icon to view the prepared budget.) In November 2024, Cardinal Design served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) Requirement 1. Compute Cardinal Design's direct labor rate and its predetermined overhead allocation rate for 2024 . ( Abbreviation used: OH= overhead. ) Begin with the direct labor rate. Data table Data table
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