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Required information Exercise 9.34 and 9.35 (Algo) [The following information opplies to the questions displayed below] Benton Corporation manufactures computer microphenes, which come in two models: Standard and Premium. Data for a representative quarter for the two models follow. Manufocturing overhead in the plant has three moin functions; supervision, setup labor, and incoming material inspection. Data on manufacturing overhead for a representative quarter follow. Exercise 9-34 (Algo) Activity-Based Costing and Cost Driver Rates (LO 9-4) Required: a. Benton currently applies overhead on the basls of direct labor cost. What is the predetermined overthesd rate for the quarter? b. The CFO and the plant controller at Benton are thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: direct labor cost for supervision, production nuns for setup labor, ond direct material dollars for incoming inspection. Compute the cost diver rates for the proposed system at Benton. Note: Enter your answers rounded to 2 decimal places