Exercise 8-5 Manufacturing Overhead Budget [LO8-6] The direct labor budget of Yuxwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 9.400 8.900 9,200 10,000 The company's variable manufacturing overhead rate is $3.75 per direct labor-hour and the company's fixed manufacturing overhead is $62,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $15,500 per quarter. Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead cu Fixed manufacturing overhead overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Total budgeted manufacturing overhead for the year Budgeted direct labor-hours for the year Predetermined overhead rate for the year