Question 7 3 pts Ogleby Company is preparing its manufacturing overhead budget for 2011. Relevant data consist of the following: Budgeted units to be produced by quarters: First Quarter: 10,000 units Second Quarter: 15,000 unit:s Third Quarter: 14,000 units Fourth Quarter: 16,000 units Direct labor: 1 hour per unit Variable Overhead Costs per direct labor hour: $2.60 per unit Fixed overhead costs by QUARTER: $68,000. 1. How much is the budgeted total manufacturing overhead for the year? (e.g. $100,000) $109,6000 Question 8 3 pts What is the pre-determined manufacturing overhead rate that will be used to apply overhead to the product? (e.g. $5,.00) ROUND UP TO THE NEAREST CENT. 50