The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: The company's variable manufacturing overhead rate is $6.75 per direct labor-hour and the company's fixed manufacturing overhead is $86, 000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $21, 500 per quarter. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year