Requirement 1. Compute the budgeted fixed manufacturing overhead rate per barrel for each of the​ denominator-level capacity concepts. Explain why they are different. Begin by determing the formula to calculate the budgeted fixed manufacturing overhead rate per​ barrel, then compute the rate for each of the​ denominator-level capacity concepts. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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