Exercise 8-5 Manufacturing Overhead Budget [LO8-6) The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the followling details conceming budgeted 12,000 10,200 Budgeted direct laber-hours The company uses direct labor-hours as its overheed allocation base. The variable portion of its predetermined manufacturing overheed rate is $7.00 per direct labor-hour and its total foxed manufacturing overhead is $88,000 per quarter. The only noncash tem included in fhed manufacturing overhead is depreciation, which is $22,000 per quarter Required L Prepare the company's manufacturing overhead budget for the upcoming fiscal year 2. Compute the company's predetermined overhead rate (including both variable and fxed manufacturing overheod) for the upcoming fiscal year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the comgany's manufacturing sverhead budget for the upcoming facal year. (Round "Variable manufacturing overhead answers to 2 decimal places) MacBook Air 3 6 8 9