The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following detalls labor-hours: Budgeted direct labor-hours 8,000 8,200 8,500 7,800 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 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 (includin fiscal year g both variable and fixed manufacturing overhead) for the upcoming