Check my work Exercise 8-5 (Algo) Manufacturing Overhead Budget (L08-6] The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details conceming budgeted direct labor-hours Ist Quarter and water 3rd Quarter 4th Quarter Budgeted direct labor-hours 3,400 8.400 3.700 6,100 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $2.50 per direct labor hour and its total fored manufacturing overhead is $52,000 per quartet. The only noncash item included in foed manufacturing overhead is depreciation, which is $13.000 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 manufacturing overhead) for the upcoming fiscal year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round Variable manufacturing overhead rate an places) Yunwell Corporatio Manufacturing Overhead Budget YE Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round Variable manufacturing overhead rate and places.) Yuvwell Corporation Manufacturing Overhead Budget Tut Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead Regred 2 > 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.) Prodottmined omad rate for the year