EX4-Raw EX5-Raw EX6-Raw EX7-Raw EX1-Raw EX2-Raw EX3-Raw the following details concerning budgeted direct labor-hours is given below: The company uses direct labor-hours as its overhead allocation base; the variable portion of its predetermined manufacturing overhead rate (POHR) is $3.25 per direct labor-hour, and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter. 1 prepare the company's manufacturing overhead budget 2 Compute the predetermined overhead rate (both variable and fixed manufacturing overhead) Given: QI Q2 Q3 Q4 Total Budgeted Direct Labor Hours: 8,000 8,200 8,500 7,800 32,500 Variable Portion of POHR: 1 Fixed Portion of POHR: Tot Allocated Mfg Overhead: Less Depreciation: 48,000 48,000 48,000 48,000 16,000 16,000 16,000 16,000 Total Cash Disbursements: 2 Total POHR = Total Allocated Mfg Ovhd / Total Budgeted Labor Hrs: