direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct r-hours: dieted direct Inbor hours Ist Quarter 11.200 2nd Quarter 9. 800 3rd Quarter 10.100 4th Quarter 10.900 company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing head rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. The only noncash item ided in fixed manufacturing overhead is depreciation, which is $20.000 per quarter. uired: epare the company's manufacturing overhead budget for the upcoming fiscal year. ompute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming il year omniate this muestion hy 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" answers to 2 decimal places.) Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overtiead Total manufacturing overhead Cash disbursements for manufacturing overhead Required 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. Hequired 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