Budgeted Fixed Manufacturing Overhead Rate: The budgeted fixed manufacturing overhead rate is that rate at which the total budgeted fixed overhead costs are allocated. This is a rate which is determined so that the fixed overhead which is estimated can be allocated to the available units according to that rate. The way in which the budgeted fixed cost per meal of $1.64 in 2014 is calculated.

Step 1: To determine the budgeted fixed manufacturing overhead rate, follow these steps: - The budgeted fixed manufacturing overhead rate is the rate at which the total budgeted fixed overhead costs are allocated. - This rate is determined so that the estimated fixed overhead can be allocated to the available units according to that rate. Step 2: Given the following information, calculate the budgeted fixed cost per meal: - The fixed manufacturing overhead is $1,517,000.-Thebudgetedproductionofunitsis925,000.Step3:Usethefollowingformulatocalculatethebudgetedfixedmanufacturingoverheadrate:-Budgetedfixedmanufacturingoverheadrate=Budgetedfixedmanufacturingoverheadperperiod/BudgetedproductionStep4:Solvetheequationusingthegivenvalues:-Budgetedfixedmanufacturingoverheadrate=$1,517,000 / 925,000 Step 5: Calculate the budgeted fixed cost per meal using the calculated budgeted fixed manufacturing overhead rate. Step 6: The way in which the budgeted fixed cost per meal is calculated will be determined based on the specific calculation method used.