1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" aniwers to 2 decimal places) Yuvwell Corporation Manufacturing Overhead Budget 3rd 2nd Quarter 4th Year Quartet Quarter Quarter 8,000 8.200 8.500 Variable manufacturing overhead rate $ 325$ 3255 325 Variable manufacturing overhead $ 25,000 $ 25.6505 27 625 Fived manufacturing overhead 18,000 48.000 48.000 Total manufacturing overhead 74.000 74 650 75,625 Less Depreciation (16,000) (16,000) (16,000) Cash disbursements for manufacturing IS 58,000 5 overhead 53,650 $ 59,625 KR: Required 2 > 2nd Quarter 1st Quarter 8,000 3rd Quartet 8,500 4th Quarter 7,500 Budgeted direct labor-hours 8,200 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48.000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter Required: 1 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round Variable manufacturing overhead rate answers to 2 dedmal places.) th Year Variable manufacturing overhead role Variable manufacturing overhead Food manufacturing overhead Total manufacturing overhead Less Deprecation Cash disbursements for manufacturing Yuvwell Corporation Manufacturing Overhead Budget 3rd 2nd Quarter Quarter Quarter 8.000 8.200 3,500 $ 3.25 325$ 325 $ 26.000 26,650 $ 27,625 48.000 40.000 40.000 74,000 N50 116.000) (16,000) (16.000) 5 50.000 63.6505 59.625