he direct labor budget of Yuywell Corporotion for the upcoming fiscal year contains the following details concerning budgeted direct abortiours: The company uses direct labor-hours as its overhead allocation base. The varlable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash item inchuded in fxed manufacturing ovethead is depreciation, which is $16,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal ycar. 2. Compute the compuny's predetermined overhead rate (including both vartable and tixed manufacturing overhead) for the upcoming fiscal yeat Complete this question by entering your answers in the tabs below. Prepare the company's manufacturing overhead bedget for the upcoming fiscal year (Proind "Varlatie manufacturing ovediead rote" anuwers to places, ? plat