The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerming budgeted direct labor-hours: t Quarter 2nd Quarter 3rd Quarter4th Quarlter 10,800 Budgeted direct labor-hours 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 item included in fixed manufacturing overhead is depreciation, which is $19,000 per quarter Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Manufacturing Overhead Budget 3rd th 1st Quarter 2nd Quarter Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing dverhead Less depreciation Cash disbursements for manufacturing owerhead 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your final answers to 2 decimal places.) Total budgeted manufacturing ovemead for the Budgeted direct labor-hours for the year Predetermined overhead rate for the year