Check my work 00 The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor hours: starter to that Bugete direct laber heure 5,600 111 points olack The company uses direct labor hours as its overhead allocation base. The variable portion of its predetermoed manufacturing overhead rate is $2.25 per direct labor hour and its total fixed manufacturing overhead is $50.000 per quarter. The only noncosh item included in fixed manufacturing overhead is depreciation, which is $12,500 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal year 2. Compute the company's predetermined overhead rete including both variable and fixed manufacturing overhead for the upcoming fiscal year HE Complete this question by entering your answers in the tabs below. Pint Required 1 Required Reces Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rates answers to 2 decimal places Yuvwell Corporation Manufacturing Overhead Budget Ist Quarter and Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead rate Variable manufacturing overhand Fixed manufacturing overhead Total manutacturing overhead Cash disbursements for manufacturing Overhead Required 2 > The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 8,200 2nd Quarter 8,300 3rd Quarter 8,600 4th Quarter 8, eee The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $2.25 per direct labor-hour and its total fixed manufacturing overhead is $50,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $12,500 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 manufacturing overhead) for the upcoming fiscal year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Predetermined overhead rate for the year