Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead Question list '6 allocation ratel computed as a percentage of direct labor costs. At the beginning of 2024, managing partner Matthew Root prepared the following budget for the year: 0 (Click the icon to View additional information.) a (Click the icon to view the prepared budget.) Requirements overhead allocation rate. 2. Compute the predicted cost of the Jones Manufacturing job. should he bid for the Jones Manufacturing job? 1. Compute Root Realtors' (a) hourly direct labor cost rate and (b) predetermined 3. If Root wants to earn a profit that equals 45% of the job's cost, how much More info Data table Direct labor hours (professionals) Direct labor costs (professionals) Office rent Suppo rt staff salaries Utilities 12,750 hours $ 2, 550, 000 360,000 1,337,500 470,000 labor hours. Jones Manufacturing, Inc. is inviting several consultants to bid for work. Matthew Root wants to submit a bid. He estimates that this job will require about 220 direct