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Information relating to Mission Inc. follows: i (Click the icon to view the company's information.) 1. Compute Mission's indirect cost allocation rate. 2. Compute the

Information relating to Mission Inc. follows: i (Click the icon to view the company's information.) 1. Compute Mission's indirect cost allocation rate. 2. Compute the total costs assigned to the Webb and Greg engagements. 3. Compute the operating income from the Webb and Greg engagements. Requirement 1. Compute Mission's indirect cost allocation rate. First identify the formula used to compute the indirect cost allocation rate, then compute the rate. (Round your answer to two decimal places.) Indirect cost allocation rate (per hr)

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