Vaughn Manufacturing provided the following information from its accounting records for 2019. Estimated production Actual production 100000 labor hours 96000 labor hours $1100000 $1060000 Budgeted overhead Actual overhead How much is the overhead application rate if Vaughn Manufacturing bases the rate on direct labor hours? O $11.04 per hour O $11.46 per hour O $11.00 per hour O $10.60 per hour Marigold, Inc. is considering purchasing equipment costing $34000 with a 6-year useful life. The equipment will provide annual cost savings of $8270 and will be depreciated straight-line over its useful life with no salvage value. Marigold requires a 10% rate of return Period 6 8% 4.623 Present Value of an Annuity of 1 9% 10% 11% 12% 15% 4,486 4.355 4.231 4.111 3.784 What is the approximate internal rate of return for this investment? O 9% 10% 0 11% O 12% The direct materials budget shows: Desired ending direct materials Total materials required 46000 pounds 64000 pounds 58200 pounds Direct materials purchases The total direct materials needed for production is 5800 pounds O 12200 pounds. 122200 pounds. O 18000 pounds