Social Media, Inc. (SMI) has two services for users. Toot!, 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. Tix Toot! Total Users 9,500 $1,500,000 7,650 439,125 17,100 $1,280,000 5,650 $ 558,375 26,600 $2,780,000 13,300 997,500 $ 798,000 Revenues Engineering hours Engineering cost Administrative costs 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. Tix Toot! Total Engineering hours Users 7,650 9,500 5,650 17,100 13,300 26,600 114,380 683,620 Engineering- hour related administrative cost User-related administrative cost 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 assuming SMI uses the proposed two-stage cost system to allocate administrative costs. (Round your answers to 2 decimal places.) Predetermined Overhead Rate per engineering-hour Engineering-hour related administrative cost User-related administrative cost per user