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Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students...

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Accounting

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.

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CoursHeroTranscribedText: Toot ! Tix Total Users 11, 906 19 , 160 31, 060 Revenues $1, 706, 606 $1 , 600, 606 $3 , 306, 060 Engineering hours 3, 756 6, 756 15,506 Engineering cost 599, 375 $ 718, 125 $1, 317,506 Administrative costs $1, 054 , 560Toot ! Tix Total Engineering hours 8, 756 6, 756 15 ,506 Users 11, 906 19, 106 31, 606 Engineering-hour related administrative cost 145 , 706 User-related administrative cost 908, 306Required 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.) Predetermined Overhead Rate Engineering-hour related administrative cost per engineering-hour User-related administrative cost per userRequired 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! Tix

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