Pinnacle Consulting employs two CPAs, each having a different area of specialization. Judy specializes in tax consulting and Steve specializes in management consulting. Pinnacle expects to incur total overhead costs of $644.000 during the year and applies overhead based on annual salary costs Judy is a senior partner, her annual salary is $310,000, and she is expected to bill 2.400 hours during the year. Steve is a senior associate, his annual salary is $150,000, and he is expected to bill 2,000 hours during the year a. Calculate the predetermined overhead rate Predetermined Overhead Rate % b. Assuming that the hourly billing rate should be set to cover the total cost of services plus a 30% markup. compute the hourly billing rates for Judy and Steve (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Judy Billing rate per hour per hour Steve