Social Media, Inc. (SMI) has two services for users. Tootl, 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! Tix Total Users 14,300 21,100 35,400 Revenues $1,900,000 $1,920,000 $3,820,000 Engineering hours 9,850 7,850 17,700 Engineering cost $ 781,625 $ 899,875 $1,681,500 Administrative costs $1,345,200 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the engineering cost to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Based on the rates computed in requirement (), what is the profit for each service? Profit Service Toot! TIX