"shareholder wealth" in a firm is represented by:
a)the number of people employed in the firm.
b)the book value of the firm's assets less the book value of its liabilities.
c)the amount of salary paid to its employees.
d)the market price per share of the firm's common stock.

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be: