Edmonton Pools manufactures swimming pool equipment Edmonton estimates total manufacturing overhead costs noxt year to be $1,500,000. Edmonton also estimates it will use 30,000 direct labor hours and incur $1,250,000 of direct labor cost next year. In addition, the machines are expected to be run for 50,000 hours. Read the requiromonts. 1. Compute the predetermined manutacturing overhead rate for next year assuming that the company uses direct labor hours as its manufacturing overtiead allocation base. Identify the formula and compute the predotermined manulacturing overhead rabe for next year using direct labor hours as the manufacturing owerhead allocation. base. 2. Compute the predetermined manulacturing overhead rate for next year assuming that the company uses direct labor cost as its manufacturing overhead allocation base. Identify the formula and compute the predetormined manufacturing ovenead rate for next year using direct laber cost as the manufacturing overhead allocation base. (Enter the rate as a whole percont) 2. Compute the predetermined manulacturing overhead rate for next year assuming that the company uses diroct labor cost as its manufacturing overhead allocation base. Identify the formula and compute the predotermined manufacturing overhead rate for noxt year using direct labor cost as the manufacturing overtioad allocation base. (Enter the rate as a whole percent.) 3. Compute the predetermined manufacturing overhead rate for next year assuming that the company uses machine hours as iss manufacturing overhead allocation base. Identify the formula and compute the predetermined manufacturing overhead rate for next year using machine hours as the manufacturing overhead allocation base