The direct labor budget of Yurwell Corporation for the upcoming fiscal year conteins the foliowing detalls concerning budgeted direct loborhours: The compary uses diect labor-hours as its overhead asocetion base. The varieble porticen of is prectetormined rianulacturing overhead rate is $650 per diect labor-hour and its total fixed manufacturing overheod is $84, opo por querter. The only noncash item included in fued monufecturing overheed is dopreclation, which is $21,000 per everter Required: 1 Propare the company's manufacturng overhead budget for the upcoming fiscal year fiscal your Complete this question toy entering vour answers in the tabs below. paces.) The direct labor budget of Yuwwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours. The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $6.50 per direct labor hour and its total fixed manufacturing overhead is $84,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $21000 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 wariable and fixed manufacturing overheac) for the upcoming fiscal year: Complete this question by entering your answers in the tabs below. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places.)