Exercise 8-5 Manufacturing Overhead Budget [LO8-6) The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours Budgeted direct labor-hours 11,280 9,800 10,100 10,900 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.00 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, which is $20,000 per quarter Required: Prepare the company's manufacturing overhead budget for the upcoming fiscal year Compute the company's predetermined overhead rate (ncluding both variable and fixed manufactur 2. Compute the company fiscal year. 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 overhead Total manufacturing overhead es Cash disbursements for manufacturing overhead Required 1Required 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for upcoming fiscal year. (Round your answer to 2 decimal places.) redetermined overhead rate for the year Required 1 Required 2