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CoursHeroTranscribedText: 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. Toot! TiX Total Users 12,500 19,600 32, 100 Revenues $1,750,000 $1,680,000 $3,430,000 Engineering hours 9,025 7,025 16,050 Engineering cost $ 642,875 $ 761,500 $1,404,375 Administrative costs $1,123,500 The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows. Toot! TiX Total. Engineering hours 9,025 7,025 16,050 Users 12 , 500 19, 600 32 , 100 Engineeringhour related administrative cost $ 154,080 Userrelated administrative cost $ 969,420 Required A Required B Compute the predetermined overhead rate used to apply the two administrative costs pools to the two services assuming SMI uses the proposed two-stage cost system to allocate administrative costs. (Round your answers to 2 decimal places.) _ per engineering-hour Engineering-hour related administrative cost User-related administrative cost Required A Required B Based on the rates computed in requirement (a), what is the profit for each service? (Do not round intermediate calculations.) Service Profit Toot! $ 669,625 TIX $ 232,500

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