The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following detalls conceming 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 $2.75 per direct labor-hour and its total faxed manufacturing overhead is $54,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $13,500 per quartet 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 faxed manufacturing overhead) for the upcoming fiscal year. ne company uses direct laborhours as its overhead allocation base. The variable portion of its predetermined manufacturing verhead rate is $275 per direct labor-hour and its total fixed manufacturing overhead is $54,000 per quarter. The only noncash item cluded in fixed manufacturing overhead is depreciation, which is $13,500 per quarter. equired: Prepare the company's manufacturing overhead budget for the upcoming fiscal year. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming scal 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" answers to 2 decima places.) labor-hours: The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufact overhead rate is $275 per direct labor-hour and its total fixed manufacturing overhead is $54,000 per quarter. The only included in fixed manufacturing overhead is depreciation, which is $13,500 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 th 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.)