ABC company is preparing its manufacturing overhead budget for 2016. Relevant data consist of the following: Quarter 1 Units to be produced 20,000 Quarter 2 30,000 Quarter 3 40,000 Quarter 4 50,000 Variable overhead cost per direct labor hour is $6, and the fixed overhead cost per quarter are depreciation $300,000, and maintainance $12,000. The direct labor hours is 2 hour per unit Required: a- Prepare the manufacturing overhead budget for the year, showing quarterly data? b- What is the predetermined rate for the year? (Round your answer) What is the applied manufacturing overhead? Assume that the actual direct labor hour is 300,000 hours d- What is the adjusted cost of goods sold appeared in the income statement? Assume that the actual manufacturing overhead is $3,163,000, and the unadjusted cost of goods sold is $7,200,000