You received no credit for this question in the previous attempt View previous Social Media, Inc. (SMD) has two services for users. Toot, 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! TEX Total Users 13,100 20.100 33,200 Revenues $1,aee, 51,760.00 $3,560,00 Engineering hours 9,307,300 16.66 Engineering cost $687.750 $ 506,250 $1.494.000 Administrative costs $1,195,200 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SM uses the engineering cost to allocate administrative costs b. Based on the rates computed in requirement ( what is the profit for each service! Complete this question by entering your answers in the tabs below Required Required B Based on the rates computed in requirement (a), what is the profit for each service? Service Pro Toot! $ 484250 TOX 5 320 150