concord analytics corporation utilizes robotics in its manufacturing process and uses machine hours as a cost driver. determine the budgeted manufacturing overhead rate for the current period? budgeted manufacturing overhead $618000 budgeted direct labor hours 200000 hours budgeted direct labor cost $318000 budgeted machine hours 100000 machine hours actual manufacturing overhead incurred $518000 actual direct labor hours used 150000 hours actual direct labor cost incurred $343000 $6.18/machine hour $8.36/machine hour $3.09/machine hour $1.94/machine hour