Baker inc. acquired equipment from the manufacturer on 10/1/2018 and gave a noninterest-bearing note in exchange. baker is obligated to pay $918,000 on 4/1/2019 to satisfy the obligation in full. if baker accrued interest of $9,000 on the note in its 2018 year-end financial statements, what is its imputed annual interest rate? a. 4%. b. 6%. c. 2%. d. none of these answer choices are correct.

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: