The manufacturing overhead budget at Levetron Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 9,100 direct labor-hours will be required in August. The variable overhead rate is $10.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $170,170 per month, which includes depreciation of $26,940 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: O $10.60 O $29.30. O $26.34 $18.70 The Labrador Falls Company has three divisions: A Division, B Division, and C Division 510,000 $559,000 Sales Net operating income Residual income Average Division Assets Cost of Capital Profit Margin Asset Turnover Return on investment ?$27,800 16,300 57,500 91,800 45,500 329,500 230,000 13% 22% 14% 4% 5.0 20% What was C Division's cost of capital last year? o 9.0% o 20.0% o 18.0% o 29.0%