The company uses direct labor$-$hours as its overhead allocation base. The variable portion of its predetermined manufacturing

overhead rate is $$5\mathrm{.}25$ per direct labor$-$hour and its total fixed manufacturing overhead is $$74,000$ per quarter. The only noncash item

included in fixed manufacturing overhead is depreciation, which is $$18,500$ per quarter.

Required:

Prepare the company's manufacturing overhead budget for the upcoming fiscal year.

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 $1$

Prepare the company's manufacturing overhead budget for the upcoming fiscal year. $($Round "Variable manufacturing overhead rate" answers to $2$ decimal

places.$)$