ortheast, Inc. is a technology consulting firm focused on Web site development and integration of ternet business applications. The president of the company expects to incur $942,500 of indirect sts this year, and she expects her firm to work 6,500 direct labor hours. Northeast's systems onsultants provide direct labor at a rate of $320 per hour. Clients are billed at 170% of direct labor st. Last month, Northeast's consultants spent 110 hours on Lovato's engagement. equirements Compute Northeast's predetermined overhead allocation rate per direct labor hour. . Compute the total cost assigned to the Lovato engagement. . Compute the operating income from the Lovato engagement. equirement 1. Compute Northeast's predetermined overhead allocation rate per direct labor hour. elect the formula, then enter the amounts to calculate the predetermined overhead (OH) allocation Northeast, Inc. is a technology consulting firm focused on Web site development and integration of Internet business applications. The president of the company expects to incur $942,500 of indirect costs this year, and she expects her firm to work 6,500 direct labor hours. Northeast's systems consultants provide direct labor at a rate of $320 per hour. Clients are billed at 170% of direct labor cost. Last month, Northeast's consultants spent 110 hours on Lovato's engagement. Requirements 1. Compute Northeast's predetermined overhead allocation rate per direct labor hour. 2. Compute the total cost assigned to the Lovato engagement 3. Compute the operating income from the Lovato engagement. Requirement 1. Compute Northeast's predetermined overhead allocation rate per direct labor hour. Select the formula, then enter the amounts to calculate the predetermined overhead (OH) allocation rate