The manufacturing overhead budget at a corporation is based on budgeted direct labor hours. The direct labor budget indicates that 8,800 direct labor hours will be required in September. The variable overhead rate is $10.30 per direct labor hour. The company's budgeted fixed manufacturing overhead is $164,560 per month, which includes depreciation of $26,580. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for September should be: Multiple Choice $10.30 $29.00 (0) $25.98 $18.70