Social Media Inc (SMT) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Users Revenues Engineering hours Engineering cost Administrative costs Toot 13,700 $ 1,850,000 9,575 $ 734,000 Tix 20,680 $1,840,000 7,575 $ 852,375 Total 34,300 $ 3,690,000 17,150 $ 1,586,375 $ 1,269,108 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMl uses the number users 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 administrative costs to the two services assuming SMS uses the number of users to allocate administrative costs. per user Predelnined overhead tate Required B> Neglid Social Media, Inc. (SMly 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. TEX Users Revenues Engineering hours Engineering cost Administrative costs Toot! 13,709 $ 1,850,000 9,575 $ 734,808 20,699 $1,840,000 7,575 $ 852,375 Total 34,380 $ 3,690,000 17,15e $ 1,586,375 $ 1,269, 100 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of users 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. Radquired B Required A Required B Based on the rates computed in requirement (a), what is the profit for each service? Profit Service Toot TOS