] < > Home P Gradebook Wk 3 - Practice: Ch. 5 and 6 Knowledge Check [due Da... 0 6 ezto.mheducation.com Saved M Question 6 - Wk 3 - Practice: Ch. 5 and 6 Knowledge C... Course Hero Help Save & Exit Submit Social Media, Inc. (SMI) 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. 3.75 points Users Revenues eBook Print References Mc Graw Hill Engineering hours Engineering cost Administrative costs Toot! 11,900 $1,700,000 8,750 $ 599,375 Tix 19,100 $1,600,000 6,750 $ 718,125 Total 31,000 $3,300,000 15,500 $1,317,500 $1,054,000 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. Required A Required B 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. Predetermined overhead rate per user < Prev 6 of 8 Next > Check my work