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Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.90 per direct labor-hour. The company's budgeted fixed manufacturing

Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.90 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $98,560 per month, which includes depreciation of $19,870. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 8,800 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.)

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