Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plants. The company uses a job order costing system with a predetermined overhead allocation rate.computed as a percentage direct labor costs. At the beginning of 2018, managing partner Lee Root prepared the following budget for the year (Click the icon to view the prepared budget) (Click the icon to view additional information) More info Read the green Requirement 1. Compute Root Realtors (a) hourly direct labor contrate and (b) predetermined overhead alocation Drayne Manufacturing, Inc. is inviting several constants to bid for work. Loe Root wants to submit a bid He estimates that this job will require about 200 deed labor Begin with () hourly direct labor cost rate hours Direct labor Data Table -X Estimated direct labor costs Estimated direct labor hours costat 5 2.300.000 20,000 115 per hour Direct labor hours professionals) 20.000 hours Now compute Root Realtors' (b) predetermined overhead allocation rate Direct labor costs professionals) 5 2 300 000 Predetermined overhead Oficerent 390.000 Estimated total indirect costs Estimated direct labor cos allocation rate Support staff salaries 1.145.000 2000000 2.300,000 87 Us 420.000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer Check A SWE Clear All 2 Pens remaining