Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor hours. The variable overhead rate is $1.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $96,570 per month, which includes depreciation of $19,860. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 8,700 direct labor hours will be required in that month. Required: 1. Determine the cash disbursements for manufacturing overhead for July 2. Determine the predetermined overhead rate for July (Round your answer to 2 decimal places.) 1. Cash disbursements for manufacturing overhead 92370 2. Predetermined overhead rate $ 12.90