6 Exercise 8-5 (Static) Manufacturing Overhead Budget (LO8-6) 111 points The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Ist Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,000 8,200 8,500 7.800 03:51:41 Budgeted direct labor-hours Skoped 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. eBook Hint Print 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. References 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 decimal places.) Yuvwell Corporation 6 Tiscal year. Complete this question by entering your answers in the tabs below. 1.11 points 8 21:08 Skipped Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal places.) Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year eBook Hint Print References Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead (Required 1 Required 2 > ME Prey 6 of 10 HI Next > 6 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 iter 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 upcomir fiscal year. 1.11 points 8 03:50:51 Skipped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint Print 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.) References Predetermined overhead rate for the year GE