partner Sanjog Root determined overhead allocation rat wing budget for the year (Click the icon to view the prepare Data table X Cancel ad the requirements quirement 1. Compute Root Realto gin with (a) hourly direct labor cost $ Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 15,000 hours 2,250,000 350,000 467,500 420.000 Estimated direct labor costs 2.250.000 uw compute Root Realtors' (b) prede Print Done Estimated total indirect costs 467,500 a Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order casting system with a predetermined overhead allocation rate computed as a percentage of direct labor costs. Al the beginning of 2024, managing partner Sanjog Root prepared the following budget for the year Click the icon to view the prepared budget.) Click the icon to view additional information ) Read the requirements Requirement 1. Compute Root Realtors" () hourly dired labor cost rate and (b) predetermined overhead allocation rate Begin with (s) hourly direct labor cost rate Direct labor Estimated direct labor costs Estimated direct labor hours 2,250,000 150 per hour Now compute Root Realtors (b) predetermined overhead alocation rate Predetermined overhead Estimated direct labor costs 2.250,000 021% cost rate 15.000 Estimated total indirect costs allocation at 467.500