Kevin & Janet is an advertising agency. The firm uses a job cost system in which each client is a different "job." Kevin & JanetKevin & Janet traces direct labor, software licensing costs, and travel costs directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. \ .\ .\ .\ Question content area top right\ Part 1\ At the beginning of the current year, managing partner JonathonJonathon AmicaAmica prepared a budget:\ LOADING... (Click the icon to view the prepared budget.) \ During January of the current year, Kevin & JanetKevin & Janet served several clients. Records for two clients appear here:\ LOADING... (Click the icon to view the records for two clients.)\ Read the requirements LOADING... .\ Question content area bottom\ Part 1\ Requirement 1. Compute Kevin & JanetKevin & Janet's predetermined indirect cost allocation rate for the current year based on direct labor hours.\ Compute the predetermined indirect cost allocation rate. \ \ \ -:\ \ =\ Predetermined indirect cost allocation rate\ \ -:\ \ =\ \ per hour