Peters Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs: At the beginning of 2024, managing partner Jane Peters prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements: Requirement 1. Compute Peters Realtors' (a) hourty direct labor cost rate and (b) predetermined overhead allocation rato. Begin with (a) hourly direct labor cost rate. Data table More info Root Manufacturing, Inc, is inviting several consultants to bid for work. Jane Peters wants to submit a bid. She estimates that this job will require about 220 direct labor hours. Requirements 1. Compute Peters Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2. Compute the predicted cost of the Root Manufacturing job. 3. If Peters wants to earn a profit that equals 45% of the job's cost, how much should she bid for the Root Manufacturing job
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