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Gray Accounting pays Brooke Peet $102.600 per year. Assume that Gray's accountants are expected to work a total of 6,000 direct labor hours in 2004 Gray's estimated total indirect costs are $192.000 and the allocation base used is direct labor hours Read the requirements Requirement 1. What is Gray's predetermined overhead allocation rate? Predetermined overbead slocation rate Requirement 2. What indirect costs will be alocated to Client 507 if Brooke Peet, an accountant at Gray Accounting, works 16 hours to prepare the financial statements? indirect costs alocated ment 1. What is Gray's predetermined overhead allocation rate? ament 2. What indirect costs will be allocated to C Predetermined overhead allocation rate Requirements 1. What is Gray's predetermined overhead allocation rate? 2. What indirect costs will be allocated to Client 507 at Brooke Peet, an accountant at Gray Accounting, works 16 hours to prepare the financial statements? Print Done - X ments