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Required information [The following information applies to the questions displayed below.] JLR...

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Accounting

Required information
[The following information applies to the questions displayed below.]
JLR Enterprises provides consulting services throughout California and uses a job-order costing system to accumulate the
cost of client projects. Traceable costs are charged directly to individual clients; in contrast, other costs incurred by JLR,
but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. Clients
are billed for directly chargeable costs, overhead, and a markup.
JLR's director of cost management, Victor Anthony, anticipates the following costs for the upcoming year:
The firm's partners desire to make a $640,000 profit for the firm and plan to add a percentage markup on total cost to
achieve that figure.
On March 10, JLR completed work on a project for Martin Manufacturing. The following costs were incurred: professional
staff salaries, $41,000; administrative support staff, $2,600; travel, $4,500; photocopying, $500; and other operating costs,
$1,400.
Required:
Determine JLR's total traceable costs for the upcoming year and the firm's total anticipated overhead.
Total traceable costs
Total anticipated overhead
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