! Required information [The following information applies to the questions displayed below.) Dawn Manufacturing applies manufacturing overhead at a rate of $40 per direct labor hour. a. When during the year was this rate computed? Beginning of the accounting period. O Middle of the accounting period. End of the accounting period. Required information [The following information applies to the questions displayed below.) Dawn Manufacturing applies manufacturing overhead at a rate of $40 per direct labor hour. c. Identify the shortcomings of this rate that will cause overhead applied during the period to differ from the actual overhead costs incurred during the period. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Actual overhead is likely to differ from the estimated figure used to compute the application rate. 2 Actual direct labor hours are likely to differ from the budgeted figure used to compute the application rate. 2 Labor hours are not likely to be perfectly correlated with the incurrence of manufacturing overhead costs. 2 Efficiency of labor is not taken into consideration. 2 Cost of labor is not taken into consideration