Exercise $8-5($Algo$)$ Manufacturing Overhead Budget $[$LO$8-6]$

Yuvwell Corporation$$s direct labor budget for next year contained the following information:

$1$st Quarter $2$nd Quarter $3$rd Quarter $4$th Quarter

Budgeted direct labor$-$hours $11,2009,80010,10010,900$

The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $$6\mathrm{.}00$ per direct labor$-$hour and its total fixed manufacturing overhead is $$80,000$ per quarter. The only noncash item included in fixed manufacturing overhead is depreciation of $$20,000$ per quarter.

Required:

Prepare the company$$s manufacturing overhead budget for next year.

Compute the company$$s predetermined overhead rate $($including both variable and fixed manufacturing overhead$)$ for next year.