The budgeted indirect-cost rate for each cost pool is computed as ________.
◦ budgeted annual indirect costs divided by budgeted annual quantity of cost allocation base
◦ budgeted annual quantity of cost allocation base divided by budgeted annual indirect costs
◦ actual annual indirect costs divided by budgeted annual quantity of cost allocation base
◦ budgeted annual indirect costs divided by budgeted actual quantity of cost allocation base