Seved Help Save & Exit Submit Social Media, Inc. (SMI) has two services for users. Tootl, which connects tutors with students who are looking for tutoring services, and TIX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! 10,100 $1,550,000 7,925 $ 477.125 Users Revenues Engineering hours Engineering cont Administrative costs TAX 17,600 $1,360,000 5,925 $ 596,250 Total 27.700 $2,910,000 13,850 $1,073,375 $ 858,700 0 The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows Toot. 7,925 10,100 TIX 5,925 17,600 Engineering hours Users Engineering-hour related administrative cont User-related administrative cout Total 13,850 27,700 $ 121,880 $ 736,820 Required: a. Compute the predetermined overhead rate used to apply the two administrative costs pools to the two services assuming SMI uses the proposed two-stage cost system to allocate administrative costs b. Based on the rates computed in requirement (a), what is the profit for each service? Gomplete this question by entering your answers in the tabs below. Required: a. Compute the predetermined overhead rate used to apply the two administrative costs pools to the two services assuming SMI uses the proposed two-stage cost system to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service? Complete this question by entering your answers in the tabs below. Required A Required B Compute the predetermined overhead rate used to apply the two administrative costs pools to the two services assumir uses the proposed two-stage cost system to allocate administrative costs. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Engineering-hour related administrative cost per engineering-hour User-related administrative cost per user Required Required B Required: a. Compute the predetermined overhead rate used to apply the two administrati services assuming SMI uses the proposed two-stage cost system to allocate ad b. Based on the rates computed in requirement (a), what is the profit for each se Complete this question by entering your answers in the tabs below. Required A Required B Based on the rates computed in requirement (a), what is the profit for each servic Profit Service Toot! TIX