The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 2nd Quarter 3,000 8,200 3rd Quarter 4th Quarter 8,500 7,880 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. Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal places 4th Quarter Year Yuvwell Corporation Manufacturing Overhead Budget 1st Jud Quarter 2nd Quarter Quarter 8.000 8.200 8500 $ 3255 325S 325 5 26.000 26.650 $ 27 625 45.000 18,000 48,000 74.000 74.650 a 75 625 Variable manufacturing overhead rate Variable manufacturing overhead Faced manufacturing overhead Total manufacturing overhead Required: 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. Required 1 Required 2 Prepare the company's manufacturing overhead budget for the upcoming fiscal year. (Round Variable manufacturing overhead rate answers to 2 decimal places.) + Ath Quarter Year Quader Variable manufacturing overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Los Depreciation Cash disbursements for manufacturing overboad Yuvwell Corporation Manufacturing Overhead Budget 150 3cd 2nd Quarter Quart 8,000 8.200 8.500 S 3.26S 325 325 S 26,000 $ 26,650 $ 27.625 48.000 48.000 48,000 74.000 74,650 75,625 (16,000) (16.000) (16000) 5 58,000S 58,650 $59.625 Required 2 >