Rack Inc. bases Its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget Indicates that 4,200 direct labor-hours will be required In September. The varlable overhead rate is $6.20 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $54,600 per month, which Includes depreciation of $6,050. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for September should be: Multiple Choice 56.20 $13.00. $17.76. $19.20