Begin by calculating the budgeted indirect cost rate. Identify the formula and then calculate the rate. $($Assume the cost allocation base is direct labor hours.$)$

Manufacturing Overhead Costs

Budgeted manufacturing overhead costs

Budgeted direct manufacturing labor hours

Actual manufacturing overhead costs

Actual direct manufacturing labor$-$hours

$$1,260,000$

$36,000$ hours

$$,1,064,000$

$28,000$ hours