Wanda Instrumentation produces novigasional equipment for ships, alicraft (both staffed and drones). and land vehicles. The ports are produced to specification by their customers. Depending on the customer and the type of job, the custoener pays according to the terms of either a "foced-peice" contract (the price does not depend directly on the cost of the job) ar of a "cost-plus" contract (the pricet is equal to recorded cost plus a fixed feel. Wanda expects only two clionts fvantioe Aviation and Rolf's Shiloysrol in Year 2 . The work. done for wanhoen will all be done under cost-plus contracts while the work done for Rolf's will all be done under fored-price contracts. Selected budget data for Year 2 include the following: Pequired: a. Compute the predetermined rate assuming that Wanda instrumentation uses direct labor costs to apply averhead. b. Compute the predetemined rate assuming that Whnda instrumentntion ches direct matorials cost fo apply oveihead. Complete this question by entering your answers in the tabs below. Compute the predetermined rate assuming that Wanda Instrumentation vses direct labor costs to apply overhead