Presented below is information related to Sheffield Corp. for the year 2020. Net sales $1,456,000 Write-off of inventory due to obsolescence $89,600
Cost of goods sold 873,600 Depreciation expense omitted by accident in 2019 61,600
Selling expenses 72,800 Casualty loss 56,000
Administrative expenses 53,760 Cash dividends declared 50,400
Dividend revenue 22,400 Retained earnings at December 31, 2019 1,097,600
Interest revenue 7,840 Effective tax rate of 20% on all items

Required:
Prepare a multiple-step income statement for 2020. Assume that 62,370 shares of common stock are outstanding.

crow 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. crow 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. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?