okay I am typing this here because someone said "this needs more info" those numbers are literally all wrong- but the words are correct. Please check the numbers provided in the question to solve this question. Anything tinted in blue is something that needs to be answered.

Martin Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sanjog Martin prepared the following budget for the year: F: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirem Data Table -X overhead allocation rate. Requirement 1. C Begin with (a) hou bor 23,600 hours $ 2,950,000 Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 350,000 er hour 1,177,500 390,000 Print Done Requirement 1. Compute Simms Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate Direct labor Estimated direct labor costs Estimated direct labor hours cost rate 160 per hour $ 2,800,000 17,500 $ Now compute Simms Realtors' (b) predetermined overhead allocation rate. Predetermined overhead Estimated total indirect costs Estimated direct labor costs allocation rate $ 2,520,000 2.800,000 90 % Requirement 2. Compute the predicted cost of the Peters Manufacturing job. Simms Realtors Estimated Cost of the Peters Manufacturing Job Direct labor $ 160 $ 40,000 250 hrs. x + Indirect costs 90 % x $ 40,000 $ 36,000 76,000 Total predicted cost $ Requirement 3. If Simms wants to earn a profit that equals 30% of the job's cost, how much should she bid for the Peters Manufacturing job? Desired profit 22,800 Add: Total predicted cost 76,000 Required service revenue $ 98,800