Useless TVs is a company that manufactures and sells wooden TVs. In the summer of 2015, their management accountant, Prof Beg, gathered the following data to prepare budgets for 2016: They expect to sell 2, 900 TVs during 2016 at an estimated retail price of $650 per TV. Further, they expect 2016 beginning inventory of 500 TVs and would like to end 2016 with 200 TVs in stock. Variable manufacturing overhead is $7 per direct manufacturing labor-hour. There are also $81, 000 in fixed manufacturing overhead costs budgeted for 2016. Useless TVs combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $250 per sales visit. The marketing plan calls for 38 sales visits during 2015. Finally, there are, $35, 000 in fixed nonmanufacturing costs budgeted for 2016. Prepare a manufacturing overhead budget for 2016. What is the budgeted manufacturing overhead rate for 2016? What is the budgeted manufacturing overhead cost per output unit in 2016? Calculate the cost of a TV manufactured in 2016