White Reators, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, managing partner Peter White prepared the following budget for the year (Click the icon to view the prepared budget.) (Cick the icon to view additional information) Read the re CHILD Requirement 1. Compute White Heators' (a) hourly direct inbor cost rate and (b) predetermined overhead allocation rate Begin with (ai horty direct labor cost rat Director cost rate Now compute White Reators' (b) predetermined overhead allocation als Requirement 2. Compute the predicted cost of the Tibos Mansacturing job White Reahors Estimated Cost of the Tibes Manufacturing Job PS: per hour Predetermined overhead ociona Predetermined overhead allocation rate % Requirement 2. Compute the predicted cost of the Tibbs Manufacturing job.. White Realtors Estimated Cost of the Tibbs Manufacturing Job hrs. x % x Total predicted cost Requirement 3. If White wants to earn a profit that equals 55% of the job's cost, how much should he bid for the Tibbs Manufacturing job? Add: Required service revenue ufacturin % of the Data table Direct labor hours (professionals) Direct labor costs (professionals) $ Office rent Support staff salaries Utilities Print Done 22,000 hours 2,750,000 340,000 1,735,000 400,000 - X an - X More info Tibbs Manufacturing, Inc. is inviting several consultants to bid for work. Peter White wants to submit a bid. He estimates that this job will require about 240 direct labor hours. Print Done