Computing activity-based costing rates}

The partners of De la Hoya and Camacho, a security services firm, decide to implement an activity-based costing system. They identify the following three cost pools and budgeted amounts for each for the coming year: fringe benefits, \(\$ 400,000\); technology support, \(\$ 200,000\); and litigation support, \(\$ 100,000\). It is determined that the best cost driver for fringe benefits is professional labor dollars \((\$ 200,000)\), for technology support is partner labor hours \((2,000)\), and for litigation support is professional labor hours \((25,000)\).

{Required: \(\square\)}

Compute the budgeted overhead rate for each of the three cost pools.