Hanson co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,500,000 of 5% convertible bonds outstanding during 2018. the preferred stock is convertible into 40,000 shares of common stock. during 2015, hanson paid dividends of $.90 per share on the common stock and $3 per share on the preferred stock. each $1,000 bond is convertible into 30 shares of common stock. the net income for 2018 was $600,000 and the income tax rate was 30%. reference: ref 16-5 diluted earnings per share for 2018 is (rounded to the nearest penny) group of answer choices
a. $2.29.
b. $2.12.
c. $2.08.
d. $2.50.

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?