Question 26 Pts A company has a standard costing system in which manufacturing overhead is applied to production on the basis of direct labor hours. The clinpany's choice of different levels of budgeted direct labor hours will affect (i.e., change): O neither the variable portion nor the fixed portion of the predetermined overhead rate. o the variable portion of the predetermined overhead rate. o the fixed portion of the predetermined overhead rate. o both the variable portion and the fixed portion of the predetermined overhead rate