can you please solve this question

he direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following detalls concerning budgeted direct abor-hours: The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.00 per difect labor-hour and its total fixed manulacturing overhead is $56.000 per quarter. The only noncash item included in foced manufacturing overhead is depreciation. which is $14,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year, 2. Compute the company's predetermined overhead rate (including both variable and fixed manulacturing overhead) for the upcoming fiscal yeat. Complete this question by entering your answers in the tabs below. Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead ra ancwars to 2 decimal olaces.) Complete this question by entering your answers in the tabs below. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places.)