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Waldman Pools manufactures swimming pool equipment Waldman estimates total manufacturing overhead costs next yearto be Sl Waldman also estimates it Will use 37,500 direct labour hours and incur ot direct labour cost nextyeer In addition, the machines are expected to be run for 30,000 hours. Compute the predetermined manufacturing overhead rete for next year under the following independent situations: 1. Assume that Waldman uses direct labour hours as its manufacturing overhead allocation base. 2. Assume that Waldman uses direct labour cost as its manufacturing overhead allocation base 3. Assume that Waldman uses machine hours as its manufacturing allocation base. 1. Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labour hours as the manufacturing overhead allocation base. Predetermined manufacturing overhead rate 2. Identify the formula and compute the predetermined manufacturing overhead rate for next year using direct labour dollars as the manufacturing overhead allocation base. Predetermined manufacturing overhead rate 3. Identify the formula and compute the predetermined manufacturing overhead rate for next year using machine hours as the manufacturing allocation base. Predetermined manufacturing overhead rate