The direct labor budget of Krispin Corporation for the upcoming fiscal year includes the following budgeted direct labor-hours.

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted direct labor-hours	5,000	4,800	5,200	5,400

The companys variable manufacturing overhead rate is $1.75 per direct labor-hour and the companys fixed manufacturing overhead is $35,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $15,000 per quarter.

Required:
1.	Complete the company's manufacturing overhead budget for the upcoming fiscal year. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.