The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation which is $16,000 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 fiscal year. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the comparyre manufacturing overhead budget for the upcoming fiscal year. (fkound "Varlabie, manufacturing ovectiead rate" answers to 2 d phackens