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percontage of diced laber costs As the beginning of 2024 , managing partnet Peter simms prepsed the following budget for the year. (Click the icen to vow the prepated budget) (1) CClid the kon bo view addibional inlomation) Read the roviverments Begin with (o) houly direct labor coost rate More info Root Manufacturing, Inc. is inviting several consul nts to bid for work. Peter Simms wants to submit a bid. He estimates that this job will require about 260 direct labor hours. Requirements Compute Simms 1. Compute Simms Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2. Compute the predicted cost of the Root Manufacturing job 3. If Simms wants to earn a profit that equals 48% of the job's cost, how much should he bid for the Root Manufacturing job? liew the prepared budget.) (i) (Click the icon to view additional information.) Data table pute Simms Realtor direct labor cost rate