EM2-30 (similar to) Question Help Root 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 Jennifer Root 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 Root Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate. i Data Table Direct labor Estimated direct labor costs 2,950,000 Estimated direct labor hours 23,600 cost rate Direct labor hours (professionals) 125 per hour Now compute Root Realtors' (b) predetermined overhead allocation rate. Direct labor costs (professionals) Office rent $ Support staff salaries Estimated total indirect costs 1,917,500 Estimated direct labor costs 2,950,000 Predetermined overhead allocation rate Utilities 65 % Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Type here to search Clear All a Print Done - 23,600 hours 2,950,000 360,000 1,137,500 420,000 Check Answer 4:40 PM 2/7/2021 ?