Simms Reoltors, a real estate consulting firm, specialzes in advising companies on polential new plant sites. The company uses a job order costing syalem with a predetermined overhead afic rate, computed as a percentage of direct labor cobts. At the beginning of 2024, managing partner Sandra Simms prepared the following budpet for the year. (Click the icon to view the prepared budget) (1.) (Cick the icon to vew additional information.) Read the ceouirements Requirement 1. Compute Smms Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) houlfy direct labor cost tate. Data table More info Tibbs Manufacturing, Inc. is inviting several consultants to bid for work. Sandra Simms wants to submit a bid. She estimates that this job will require about 220 direct labor hours. Requirements 1. Compute Simms Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2. Compute the predicted cost of the Tibbs Manufacturing job. 3. If Simms wants to earn a profit that equals 45% of the job's cost, how much should she bid for the Tibbs Manufacturing job