McBride and Associates employs two professional appraisers, each having a different specialty. Debbie specializes in commercial appraisals and Tora specializes in residential appraisals. The company expects to incur total overhead costs of $299,610 during the year and applies overhead based on annual salary costs. The salaries and billable hours of the two appraisers are estimated to be as follows: Annual salary Billable Hours Debbie Tara $126,480 $73,260 1,700 1,650 The accountant for McBride and Associates is computing the hourly rate that should be used to charge clients for Debble and Tara's services. The hourly billing rate should be set to cover the total cost of services (salary plus overhead) plus a 25 percent markup. Required: 1. Compute the predetermined overhead rate. 2. Compute the hourly billing rate for Debble and Tara. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the hourly billing rate for Debble and Tara. (Do not round your intermediate calculations, and round your final answers to 2 decimal places.) Debble Tara 45.50 $ 27.75 Billing Rate