Exerclse $8-5$ Manufacturing Overhead Budget $[$LO$8-6]$

The direct labor budget of Yuwwell 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,$3rd$ Quarter,$4$th Quarter$],[,8,200,8,300,8,600,8,000]]$

The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $$2\mathrm{.}25$ per direct labor$-$hour and its total fixed manufacturing overhead is $$50,000$ per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $$12,500$ per quarter.

Requlred:

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

$2$ 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.

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.$)$