Skylark Design, Inc., is a Web site design and consulting firm. The firm uses a...

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Accounting

Skylark 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. Skylark Design traces direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate, computed as a percentage of direct labor costs. Requirement 1. Compute Skylark Design's predetermined indirect cost allocation rate for 2011. The predetermined indirect cost allocation rate = nothing%. (Enter the result as a whole number.)

SkylarkSkylark

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.

SkylarkSkylark

Design traces direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate, computed as a percentage of direct labor costs.

LOADING...

(Click the icon to view the prepared budget.)

LOADING...

(Click the icon to view the records for two clients.)

LOADING...

(Click the icon to view the requirements.)Requirement 1. Compute

SkylarkSkylark

Design's predetermined indirect cost allocation rate for 2011.The predetermined indirect cost allocation rate =

nothing%.

(Enter the result as a whole number.)

Enter your answer in the answer box and then click Check Answer.

4

parts remaining

Clear All

Check Answer

Data Table

At the beginning of 2011, managing partner Judi Jacquin prepared the following budget:

Direct labor hours (professional). . . . . .

8,000

hours

Direct labor costs (professional). . . . . .

$1,600,000

Support staff salaries. . . . . . . . . . . . .

190,000

Computer leases. . . . . . . . . . . . . . . . . . .

41,000

Office supplies. . . . . . . . . . . . . . . . . .

23,000

Office rent. . . . . . . . . . . . . . . . . . . . . .

66,000

PrintDone

Data Table

In November, 2011,

SkylarkSkylark

Design served several clients. Records for two clients appear here:

Chance

Food Place

Chocolates

Direct labor hours. . . . . . . . . .

750

hours

50

hours

Software licensing costs. . . . .

$2,000

$400

Travel costs. . . . . . . . . . . . .

9,000

SkylarkSkylark

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.

SkylarkSkylark

Design traces direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined indirect cost allocation rate, computed as a percentage of direct labor costs.

LOADING...

(Click the icon to view the prepared budget.)

LOADING...

(Click the icon to view the records for two clients.)

LOADING...

(Click the icon to view the requirements.)Requirement 1. Compute

SkylarkSkylark

Design's predetermined indirect cost allocation rate for 2011.The predetermined indirect cost allocation rate =

nothing%.

(Enter the result as a whole number.)

Enter your answer in the answer box and then click Check Answer.

4

parts remaining

Clear All

Check Answer

Data Table

At the beginning of 2011, managing partner Judi Jacquin prepared the following budget:

Direct labor hours (professional). . . . . .

8,000

hours

Direct labor costs (professional). . . . . .

$1,600,000

Support staff salaries. . . . . . . . . . . . .

190,000

Computer leases. . . . . . . . . . . . . . . . . . .

41,000

Office supplies. . . . . . . . . . . . . . . . . .

23,000

Office rent. . . . . . . . . . . . . . . . . . . . . .

66,000

PrintDone

Data Table

In November, 2011,

SkylarkSkylark

Design served several clients. Records for two clients appear here:

Chance

Food Place

Chocolates

Direct labor hours. . . . . . . . . .

750

hours

50

hours

Software licensing costs. . . . .

$2,000

$400

Travel costs. . . . . . . . . . . . .

9,000

Answer & Explanation Solved by verified expert
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