Question $1,$ Exercise $4-18($similar to$)$

Part $1$ of $5$

Points: $0$ of $16$

Dustin Products uses a job$-$costing system with two direct cost categories $($direct materials and direct manufacturing labour$)$ and one manufacturing overhead cost pool. Dustin allocates manufacturing overhead costs using direct manufacturing labour costs. Dustin provides the following information:

$($Click the icon to view the information.$)$

Required

Requirement $1.$ Compute the actual and budgeted manufacturing overhead rates for the year. $($Enter answers as decimals and not percentages. Round your answers to two decimal places.$)$

Actual manufacturing overhead rate

Budgeted manufacturing overhead rate

$$

$$

Information

Budget for the Actuals for the

Year Direct manufacturing labour costs $$,1,650,000$$ Direct manufacturing overhead costs

Direct material costs

Done