Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, an TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Users Toot! 13,100 $1,800,000 20,100 $1,760,000 Total 33,200 $3,560,000 FFF# Revenues Engineering hours Engineering cost Administrative costs 9,300 $ 687,750 7,300 $ 806,250 16,600 $1,494,000 $1,195,200 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. Engineering hours Users Toot! 9,300 13,100 Tix 7,300 20,100 Total 16,600 33,200 Engineering-hour related administrative cost User-related administrative cost $ 162,680 $1,032,520 Required: a. Compute the predetermined overhead rate used to apply the two administrative costs pools to the two services assuming SMI use 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 assuming SMI uses the proposed two-stage cost system to allocate administrative costs. (Round your answers to 2 decimal places.) Engineering-hour related administrative cost User-related administrative cost Predetermined Overhead Rate per engineering-hour per user