The company uses direct labor-hours as its overhead alfocation base. The variable portion of its predetermined martafeturing overhead rate is $375 por direct lobor-hour and its total foed manufocturing overhead is $62,000 per quarter. The only noncash item included in fixed manutacturing overhead is depreciation, which is $15,500 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 fixed manufacturing overhead) for the upcoming iscol year. Complete this question by entering your answers in the tabs below