TB Problem Qu. 8-216 (Algo) Brockney Incorporated bases its manufacturing... Brockney Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The varlable overhead rate is $1.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $94,350 per month, which includes depreciation of $19,840. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 8,500 direct labor-hours will be required in that month. Required: 1. Determine the cash disbursements for manufacturing overhead for July. 2. Determine the predetermined overhead rate for July. Note: Round your answer to 2 decimal places