The direct labor budget of Yuvwell 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 $$4\mathrm{.}50$ per direct labor$-$hour and its total fixed manufacturing overhead is $$68,000$ per quarter. The only noncash

item included in fixed manufacturing overhead is depreciation, which is $$17,000$ per quarter.

Required:

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 fiscal year.