Block Advertising pays Thomas Tibbs $97,200 per year. Assume that Blocks odvertising agents are expected to work a lotal of 12,000 direct labor hours in 2025 . Block's estimated total indirect costs are $144,000 and the allocation base used is direct labor hours Read the teguiroments. Requirement 1. What is Block's predetermined overhead allocation rato? \& Predetermined overhead allocaton rate Requirement 2 . What indirect costs wil an advertising agent at Block Adverfining. works 16 hours to prepare the magasine ad? 4 Requiremento