Pitt Accounting pays Tim Johnson $102,600 per year. Assume that Pitt's accountants are expected to work a total of 12,000 direct labor hours in 2018. Pitt's estimated total indirect costs are $144,000 and the allocation base used is direct labor hours. Read the requirements. Requirement 1. What is Pitt's predetermined overhead allocation rate? Predetermined overhead allocation rate Requirement 2. What indirect costs will be allocated to Client 507 if Tim Johnson, an accountant at Pitt Accounting, works 18 hours to prepare the financial statements? Requirements 1. What is Pitt's predetermined overhead allocation rate? 2. What indirect costs will be allocated to Client 507 if Tim Johnson, an accountant at Pitt Accounting, works 18 hours to prepare the financial statements? Print Done - X Indirect costs allocated