James and Waymire have a professional service firm that has the E9-1 Computing budgeted overhead rates following budgeted costs for the current year: Associates' salaries ... Depreciation equipment. ... Fringe benefits .... Lease expense. Partners' salaries .. Telephone and fax.. 30,000 Compute the budgeted overhead rate for the coming year, using direct labor dollars as the overhead allocation base. $300,000 50,000 150,000 220,000 200,000