Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories-direct materials and direct manufacturing labor--and one indirect-cost pool, manufacturing overhead costs. It provides the following information for 2020 Click the icon to view the information for 2020.) Read the requirement Begin by calculating the budgeted indirect cost rate. Select the formula and then calculate the rate (Assume the cost allocation base is direct labor hours.) Budgeted indirect cost rate Data Table $ Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours 1,160,000 29,000 hours 1,260,000 28,000 hours $ CA Print Done