WEEK FOUR: CHAPTER SIX HOM.. i Saved Help Save & Exit Submit 3 Check my work 2 Exercise 6-44 (Algo) Predetermined Overhead Rates and Product Profitability (LO 6-3, 4) 25 points 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. eBook Users Revenues Engineering hours Engineering cost Administrative costs Toot! 11,300 $ 1,650,000 11,800 $ 285,000 Tix Total 18,600 29,900 $1,340,000 $ 2,990,000 7,800 19,600 $ 405,000 $ 690,000 $ 986,700 Print References Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the revenue 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 Based on the rates computed in requirement (a), what is the profit for each service? Profit Service Toot! Tix