Complete the manufacturing overhead budgetand the manufacturing overhead rate with variable and fixed manufacturing overhead for the upcoming fiscal year.

Variable manufacturing overhead rate is $3.25 per direct labor hour and the fixed manufacturing overhead is $48,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $16,000 per quarter

Budgeted direct labor hours 1st quarter 8,000 2nd quarter 8,200 3rd quarter 8,500 4th quarter 7,800