=+5-18 K Budgeted manufacturing overhead rate, allocated manufacturing overhead OBJECTIVE 4 Waheed Ltd uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2014:

Budgeted manufacturing overhead costs $4 500 000 Budgeted machine-hours 200 000 Actual manufacturing overhead costs $4 460 000 Actual machine-hours 195 000 Required 1 Calculate the budgeted manufacturing overhead rate.