Stein Advertising pays Tim Johnson $109,800 per year. Assume that Stein's advertising agents are expected to work a total of 12,000 direct labor hours in 2024. Stein's estimated total indirect costs are $192,000 and the allocation base used is direct labor hours. Read the requirements. Requirement 1. What is Stein's predetermined overhead allocation rate? = Predetermined overhead allocation rate + = Requirement 2. What indirect costs will be allocated to Client 507 if Tim Johnson, an advertising agent at Stein Advertising, works 10 hours to prepare the magazine ad?
