Northem, Inc. is a technology consulting firm focused on Web site development and integration of internet business applicafions. The president of the company expects to incur S405,000 of indroct costs this yeac, and she expects her firm to work 3,000 direct labor hours. Northern's systems consultants provide direct labor at a rate of $360 per hour. Clinnts are billed at 170%, of direct labor cost. Last month, Northern's consultants spent 200 hours on Kingston's engagement. Requirements 1. Compute Northern's predetermined overhead allocation rate per direct labor hour. 2. Compute the total cost assignod to the Kingston engagement. 3. Compule the operating income from the Kingston engagement Requirement 1. Compute Northern's prodetermined overhesd alocation rate per direct labor hour: Select the formula, then enter the amounts to calculate the predetermined overtead (OH) allocation rate Requirement 2. Compute the total cost assigned to the Kingston engsgement Begin by seiecting the formula to calculate the ovechead cots assigned to the engagement. Nlocaled overhead costs Now compute the total cost assigned to the Kingston engagement. Total cost of engagement Requirement 3. Compute the operating income from the Kingston engagement Now compute the total cost assigned to the Kingston engagement. Requirement 3. Compute the operating income from the Kingston engagement. The operating income earned on the engagement amounts to