The manufacturing overhead budget at Levetron Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7.500 direct labor-hours will be required in August. The variable overhead rate is $9.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $140,250 per month, which includes depreciation of $25,350. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for August should be Multiple Choice $9.00 $27.70 O $2432