5 The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor hours: 1 POS Budgeted direct labor hours ist Quarter 12,080 2nd Quarter 10,200 3rd Quarter 10,5ee 4th Quarte 11,300 Sloped Book The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $700 per direct labor-hour and its total fixed manufacturing overhead is $88,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $22.000 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 Prist Complete this question by entering your answers in the tabs below. D References 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.) Drudermined overal otheyat