The direct inbor budget of Yuwwell Corporation for the upcoming fiscal year contains the following detals conceming budgeted direct tabor-hours: The company uses direct labor-hours as its overhead allocation base. The varlable portion of its predetermined manufacturing overhead rate is $2.25 per direct labor-hour and its total fired manufacturing overheod is $50.000 per quartec. The only noncash item included in fixed manufacturing overhead is depreciation, which is $12,500 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for the upcoming fiscal yeat. 2. Compute the company's predetermined overhead rate (including both variable and fixed monufacturing overhead) for the upcoming fiscal yeat. Complete this question by entering your answers in the tabs below. Prepare the company's manufacturing overhead budget for the upcoming fiscal year, (Round "Variable manufacturing overhead rate' anawen to 2 decin piaces.) Prepare the company's manufocturing overhead budget for the upcoming fiscal year. (Aound "Variable manufacturing overhead rate" answers to 2 decimal places.) Required 2? Complete this question by entering your answers in the tabs below. Compute the company's predetermined overhesd rate (including both variable and fiesd manufacturing overhead) for the upcoming fiscal yest. (Round your answer to 2 decimal places.)