Reference Data Table Predetemined Overhead Allocation Base Stockman Allocation Rate Direct labor hours 170 Activity Documentation preparation Information technology support $ 28 per page 340 Pages Applications used $ 62 220 per application 115 per direct labor hour Training $ Requirements Prin 1. Compute the cost assigned to the Stockman engagement, using the ABC system. 2. Compute the operating income or loss from the Stockman engagement, using the ABC system. vity ovl ument preparation mation technology support ning Print Done Time Southeast, Inc. is a technology consulting firm focused on website development and integration of Internet business applications. Clients are billed at 160% of direct labor cost. Suppose Southeast's direct labor rate was $330 per hour and the company had computed the following predetermined overhead allocation rates under its ABC system: (Click the icon to view the allocation rates.) The Stockman engagement used the following resources last month: (Click the icon to view the resources used.) Read the requirements. ---- Begin by selecting the formula to allocate overhead (OH) costs. Allocated overhead costs Next, compute the overhead costs allocated to the Stockman engagement. Allocated overhead costs Activity Document preparation Information technology support Training Total overhead cost Southeast, Inc. is a technology consulting firm focused on website development and integration of Internet business applications. Clients are billed at 160% of direct labor cost. Suppose Southeast's direct labor rate was $330 per hour and the company had computed the following predetermined overhead allocation rates under its ABC system: (Click the icon to view the allocation rates.) The Stockman engagement used the following resources last month: E: (Click the icon to view the resources used.) Read the requirements. Information technology support Training Total overhead cost Now calculate the total cost of the Stockman engagement. Total cost of engagement Requirement 2. Compute the operating income or loss from the Stockman engagement, using the ABC system. Southeast, Inc.'s operating from the Stockman engagement amounts to