Jim's Computer Products manufactures keyboards for computers. In June, the two production departments had budgeted allocation bases of 10,000 machine hours in Department 1 and 5.000 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $34,500 and $37.500, respectively. For Job 501, the actual costs incurred in the two departments were as follows: Department 2 Department 1 $66,000 $106,500 8,100 Direct materials purchased on account Direct materials used Direct manufacturing labour Indirect manufacturing labour Indirect materials used Lease on equipment Utilities 19,500 31.500 6,600 32.100 5,400 2,850 4,500 9,750 600 2.250 750 Job 501 incurred 1,000 machine hours in Department 1 and 300 manufacturing labour hours in Department. The company uses a budgeted departmentar overhead rate for applying overhead to production What is the budgeted indirect cost allocation rate for Department 17 Select one a 53 45 per hour 6.53 75 per hour WICH IEME Silpreet Kaur 700 FOOD 19,500 8,100 31,500 32,100 URES pure TUTTE Direct materials used Direct manufacturing labour Indirect manufacturing labour Indirect materials used Lease on equipment Utilities 6,600 4,500 9,750 5,400 2.850 2,250 750 600 Job 501 incurred 1,000 machine hours in Department 1 and 300 manufacturing labour hours in Department 2 The company uses a budgeted departmental overhead rate for applying overhead to production What is the budgeted indirect cost allocation rate for Department 1? Select one a. 53.45 per hour 53.75 per hour 58.00 per hour d 56 90 per hour e $7.50 per hour