Atlantic, Inc. is a technology consulting firm focused on Web site development and integration of Internet business applications. The president of the company expects to incur $540,000 of indirect costs this year, and she expects her firm to work 4,000 direct labor hours. Atlantic's systems consultants provide direct labor at a rate of $350 per hour. Clients are billed at 160% of direct labor cost. Last month, Atlantic's consultants spent 130 hours on Mckoy's engagement. Requirements 1. Compute Atlantic's predetermined overhead allocation rate per direct labor hour. 2. Compute the total cost assigned to the Mckoy engagement. 3. Compute the operating income from the Mckoy engagement. Requirement 1. Compute Atlantic's predetermined overhead allocation rate per direct labor hour, Select the formula, then enter the amounts to calculate the predetermined overhead (OH) allocation rate. W Predetermined OH allocation rate