Arundel Products uses a job$-$costing system with two direct cost categories $($direct materials and direct manufacturing labour$)$ and one manufacturing overhead cost pool. Arundel allocates manufacturing overhead costs using direct manufacturing labour costs. Arundel provides the following information:View the informationRead the requirements.Requirement $1.$ Compute the actual and budgeted manufacturing overhead rates for the year.In this step, calculate the budgeted manufacturing overhead rate per dollar of direct labour. $($Round your answer to the nearest cent.$)$Budgeted manufacturingBudgeted directBudgeted manufacturingoverhead costsmanufacturing labour costsoverhead