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. Toot! 11,300 $1,650,000 Users Revenues Engineering hours Engineering cost Administrative costs Tix 18,600 $1,520,000 6,475 $ 676,125 Total 29,900 $3,170,000 14,950 $1,233,375 $ 986,700 8,475 $ 557,250 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! 8,475 11,300 Tix 6,475 18,600 Engineering hours Users Engineering-hour related administrative cost User-related administrative cost Total 14,95 29,900 $ 137,540 $ 849, 160 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 Based on the rates computed in requirement (a), what is the profit for each service? (Do not round intermediate calculations.) Profit Service Toot! Tix