managing partner Lee Martin prepared the following budget for the year- (Click the icon to view the prepared budget. (Click the icon to view additional information.) Data table Requirement 1. Compute Martin Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate. Now compute Martin Realtors' (b) predetermined overhead allocation rate. Requirement 2. Compute the predicted cost of the Drayne Manufacturing job. More info Drayne Manufacturing, Inc. is inviting several consultants to bid for work. Lee Martin wants to submit a bid. He estimates that this job will require about 190 direct labor hours