QUESTION 7 Problem 2. XX company allocates fixed manufacturing overhoed using budgeted direct labor hours per unit. You are given the following information: Actual fixed manufacturing overhead $1,000,000 Flexible budged variance of fixed manufacturing overhead? Fixed manufacturing overhead flexible budget = $1,500,000. Fixed manufacturing overhead allocated = ? Fixed manufacturing overhead production volume variance - $100,000 favorable Fixed manufacturing overhead budgeted direct labor hours allowed for actual output units = 10,000 direct labor hours. Required: The Fixed manufacturing overhead budgeted rate is $. per direct labor hour