parts 1 & 2 under required. I posted part 2 to the question earlier.

requires 1. 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: Required ? Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year (round your answer to 2 decimal places) Predetermined overhead rate for the year Required 1 Need The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor hours 1st Quarter 2nd Quarter Bird Quarter 4th Quarter Budgeted direct labor. hours 8,000 8,200 8,500 7,500 The company uses direct labor hours as its overhead allocation base. The variable 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 itern included in fixed manufacturing overhead is depreciation, which is 516,000 per quarter. Required: 1 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