Required information [The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue Actual manufacturing overhead Budgeted machine hours (based on practical capacity) $205,000 338,000 10,000 Budgeted direct-labor hours (based on practical capacity) 20,000 Budgeted direct-labor rate Budgeted manufacturing overhead Actual machine hours Actual direct-labor hours Actual direct-labor rate $ 14 $364,000 11,000 $ 18,000 17 Required: 1. Compute the firm's predetermined overhead rate for the year using each of the following common cost drivers: (a) machine hours, (b) direct-labor hours, and (c) direct-labor dollars. (Round your answers to 2 decimal place.) Cost Drivers (a) Machine hours Overhead Rate per machine hour (b) Direct-labor hours (c) Direct-labor dollars per direct-labor hour per direct-labor dollar