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

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor$-$hours:

$\backslash$table$[[$Budgeted direct labor$-$hours,$1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter$],[,10,200,9,300,9,600,10,400]]$

The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $$4\mathrm{.}75$ per direct labor$-$hour and its total fixed manufacturing overhead is $$70,000$ per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $$17,500$ per quarter.

Required:

Prepare the company's manufacturing overhead budget for the upcoming fiscal year.

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.

Prepare the company's manufacturing overhead budget for the upcoming fiscal year. $($Round "Variable manufacturing overhead rate" answers to $2$ decimal places.$)$

$\backslash$table$[[$Yuvwell Corporation,,,$],[$Manufacturing Overhead Budget,,,$],[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter,Year$],[$Variable manufacturing overhead rate,,,,,$],[$Variable manufacturing overhead,,,,,$]]$