Exercise 9-5 Manufacturing Overhead Budget [L02] The direct labour budget of Yuvwell Corporation for the upcoming scal year contains the following details concerning budgeted direct labour-hours: 15t 2nd 3rd 4th Quarter Quarter Quarter Quarter Budgeted direct labourhours 8.000 8,200 8,500 7,800 The company's variable manufacturing overhead rate is $3.25 per direct labourhour and the company's xed manufacturing overhead is $48,000 per quarter. The only noncash item included in xed manufacturing overhead is depreciation, which is $16,000 per quarter. Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead 2. Compute the company's manufacturing overhead rate (including both variable and xed manufacturing overhead) for the upcoming fiscal year. Total budgeted manufacturing overhead for the year Budgeted direct labour-hours for the year Predetermined overhead rate for the year