percentage of drect labor costs. At the beginning of 2025, managing parther Lee Pelers prepared the following budget for the year Requirement 1. Compule Peters Fealtors' (a) hourly dinect labor cost rabe and (b) predebermined overhead allocation rate. Begin with (a) hourty direct labor cost rate. Now compule Pelers Realtors' (b) predetermined overhead allocation rate, Requirement 2. Compute the predicted cost of the Drayne Manufackuring job. Prepared budget Additional information Drayne Manulacturing, Inc, is imiting soveral consultants to bid for work. Lee Pesers wants to submit a bid and estimates that this job will require about 220 direct labor hours. Requirements 1. Compute Peters Realtors' (a) hourly drect labor cost rate and (b) predetermined overhead allocation rate. 2. Compute the predicted cast of the Drayne Manufacturing job. 3. If Peters Realton wants to eam a profit that equals 45% of the job's cost, how much should the compary bid for the Drayne Manudacturing job? Ch should the company bid for the Drayne Manufacturing job