Question list Question 5 Question 6 K The Lowell Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual machine-hours, and the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2020 budget for the plant is as follows: (Click the icon to view the budget data.) Read the requirements. H Question 7 } Question 8 "} K Question 9 * Question 10 G Cost Object Product H Indirect Costs | Direct Costs J Direct Costs K Direct Materials L Direct Manufacturing Labor Enter the formula, then enter the budgeted manufacturing overhead and cost allocation bases to solve for the budgeted manufacturing overhead rate for each department. (Enter the percentage result as a whole percentage. Abbreviations used: manuf. = manufacturing, DM = direct manufacturing.) = Budgeted manufacturing overhead rate