5 Exercise 8-5 (Algo) Manufacturing Overhead Budget (LO8-6] 4 ms The direct labor budget of Yuwwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours OUR Quadra Quartier Budgeted direct later har 1.200 6.100 1.600 3,00 The company uses direct labor-hours as its overhead location base. The variable portion of its predetermined manufacturing overhead Yates 52 25 per direct labor hour and its total fixed manufacturing overhead is 550,000 per quarter The only noncashem included in foved manufacturing overhead is depreciation with $12.500 per quarter Required: Prepare the company's manufacturing overhead budget for the upcoming fiscal year 2. Compute the company's predetermined overhead te including botable and fed manufacturing oveready for the upcoming fiscal year Complete this mestion by entering your wwers in the below Required Prepare the company's manufacturing over budget for the upcomic yet conducturing over to de places Yuw Corporation Manufacturing med Tot Quarter Our Ted Quarter Outer Ya Variable manufacturing a tale Variable manufacturing overhead Find manufacturing weed Total manufacturing head Cash disbursement desturing ved 5 Exercise 8-5 (Algo) Manufacturing Overhead Budget (L08-6] The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor hours 8,000 Book 1st Quarter 2nd Quarter Ird Quarter Ath Quarter Budgeted direct labor-hours 3,200 8,300 8,600 The company uses direct labor hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $2.25 per direct labor-hour and its total fixed manufacturing overhead is $50.000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $12.500 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 Him Print erences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places) Predetermined overhead rate for the year