Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2017. (Enter your answer as a number [not as a percentage] rounded to two decimal places, X.XX.) Actual manufacturing overhead rate = Budgeted manufacturing overhead rate = 1.80 1.70 Requirement 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used Direct manufacturing labor costs $50,000 $30,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing. Direct materials Direct manufacturing labor costs Manufacturing overhead costs Total manufacturing costs of Job 626 Actual Costing