Acct 2332

Hello I need help with the following question, to check if the first section is correct and how to find budgeted direct labor hours for the year and predetermined overhead rate per hour for the year.

Thank you

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 9,200 8,800 9,100 9,500 The company's variable manufacturing overhead rate is $3.50 per direct labor-hour and the company's fixed manufacturing overhead is $60,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $15,000 per quarter. Required 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th QuarterYear Variable manufacturing overhead Fixed manufacturing overheac Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead $ 32,200 30,80031,850 $ 33,250$ 128,100 60,000 240,000 93,250368,100 60,000 $ 77,200S 75,800$76,850 $ 78,250 $ 308,100 60,000 92,200 15,000 60,000 90,800 15,000 60,000 91,850 15,000 15,000 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year Total budgeted manufacturing overhead for the $ 688,350 ear Budgeted direct labor-hours for the year Predetermined overhead rate per hour for the year