Martin Realtors, a real estate consulting firm, specializes in advising companies on potential now plant sites. The company uses a job order costing system with a predetermined overhead allocation rate computed as a percentage of direct labor costs. As the beginning of 2024, managing partner Sandra Martin prepared the following budget for the year Cick the icon to view the prepared trudget) Click the koon to view adelitional information ) Read the requirements Requiremont 1. Compute Martin Roottor () hourly direct labor cool rate and ) prodetermined overhead allocation rate Begin with (a) hourly direct labor cost rate Dired labor costale net hour lisad prepared budet - X Requirements tin Re -or cos 1. Compute Martin Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2. Compute the predicted cost of the Drayne Manufacturing job. 3. If Martin wants to earn a profit that equals 45% of the job's cost, how much should she bid for the Drayne Manufacturing job? Print Done 0 More Info X Re -COS Drayne Manufacturing, Inc. is inviting several consultants to bid for work. Sandra Martin wants to submit a bid. She estimates that this job will require about 220 direct labor hours. Print Done Data Table X ( 12,750 hours Direct labor hours (professionals) Direct labor costs (professionals) 69 2,550,000 350,000 Office rent 1,397.500 Support staff salaries Utilities 420.000 Print Done