Brockney Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.20 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $120,900 per month, which includes depreciation of $19,720, All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 9,300 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. Note: Round your answer to 2 decimal places. Brockney Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.20 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $120,900 per month, which includes depreciation of $19,720, All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 9,300 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. Note: Round your answer to 2 decimal places