3.29/23. 10:49 PM Martinez 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 Sanjog Martinez 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. More info ined overhead White Manufacturing, Inc. is inviting several consultants to bid for work. Sanjog Martinez wants to submit a bid. He estimates that this job will require about 230 direct labor hours. Martinez 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 Sanjog Martinez prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Requirements 1. Compute Martinez Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2. Compute the predicted cost of the White Manufacturing job. 3. If Martinez wants to earn a profit that equals 50% of the job's cost, how much should he bid for the White Manufacturing job? Martinez 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 Sanjog Martinez 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 Martinez Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate