please do both parts

The direct labor budget of Yuwwel Corporation for the upcoming tiscal year contains the following detals concerning budgeted direct labor-hours: The company uses direct labor-hours as its overtiead allocation base. The variable portion of its predetermined manulacturing overhead rate is $2.25 per direct labor-hour and its total fixed manufacturing overhead is $50,000 per quarter The only noncash item included in fixed manufacturing overthead is depreciation, which is $12,500 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 fined manufacturing overhead) for the upcoming fiscal year: Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare the company"s manufacturing overthead budget for the upcoming fiscal year. (Round "Variable manufacturing overthead rate". answers to 2 . decir places.) Complete this question by entering your answers in the tabs below. 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.)