Only do b.

Social Media, Inc. (SMI) has two services for users. Tootl, which connects tutors with students who are looking for Tutoring services, and TIX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results Users Revenues Engineering hours Engineering cost Adninistrative costs Toot! TEX Total 14,300 21,100 35,400 $ 1,900,000 $1,640,000 $3,540,000 12,800 8.800 21,600 $ 319,000 $430,000 $ 740,800 5 1,345,200 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMl uses the revenue to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B D. Daseu oni tie Tales computea in requirement (a), WIIDUS une pronto each service: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Based on the rates computed in requirement (a), what is the profit for each service? Service Profit Toot! $ 1,046,600 $ 408,200 TIX