The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 10,800 9,600 9.900 10,700 The company's variable manufacturing overhead rate is $5 50 per direct labor-hour and the company's fixed manufacturing overhead is $76,000 per quarter. The only noncash tem included in fixed manufacturing overhead is depreciation, which is $19,000 per quarter the company's manufacturing overhead budget for the upcoming fiscal year Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead Fixed manulacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead 2 Compute the company's manufingverhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year ing overhead for the Budgeted direct labor-hours for the year Predetermined overhead rate per hour for the year Type here to search