Avery Construction assembles residential homes. It uses a job-costing system with two direct cost categories (direct materials and direct labour) and one indirect cost pool (assembly support). The allocation base for assembly support costs is direct labour-hours. In December 2021, Avery budgets 2022 assembly support costs to be $8.500,000 and 2022 direct labour-hours to be 170,000. At the end of 2022, Anderson is comparing the costs of several Jobs that were started and completed in 2022. Information for a couple of jobs follows: (Click the icon to view the data.) Direct materials and direct labour are paid for on a contract basis. The costs of each are known when direct materials are used or direct labour-hours are worked. The 2022 actual assembly support costs were $7,682,000, while the actual direct labour-hours were 167,000. Required Requirement 1. Compute the (a) budgeted and (b) actual Indirect cost rates. Why do they differ? Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate. (Round your final answer to the nearest whole dollar.) = Budgeted indirect cost rate Data Construction Period Laguna Model February-June 2022 $ 107,020 $ 34,021 Direct materials Mission Model May-October 2022 S 126,922 $ 40,990 990 Direct labour Direct labour-hours 820 (Print Done