Liquidity refers to Group of answer choices the ease with which an asset is converted to the medium of exchange. the measurement of the intrinsic value of commodity money. the measurement of the durability of a good. how many time a dollar circulates in a given year.

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: