Cost Accounting

The manufacturing overhead budget at Levetron Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that: 8,000 direct labor-hours will be required in August. The variable overhead rate is $9.50 per direct labor-hour. The company's budgeted fixed. manufacturing overhead is $149,600 per month, which includes depreciation of $25,760. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for August should be