Smith Accounting pays Ryan Johnson $106,200 per year. Assume that Smith's accountants are expected to work a total of 6,000 direct labor hours in 2024 . Smith's estimated total indirect costs are $120,000 and the allocation base used is direct labor hours. Read the requirements. Requirement 1. What is Smith's predetermined overhead allocation rate? +[]=Predeterminedoverheadallocationrate Requirement 2. What indirect costs will be allocated to Client 507 if Ryan Johnson, an accountant at Smith Accounting, works 10 hours to prepare the financial statements