The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

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 noncash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter.

Required:

1. Prepare the companys manufacturing overhead budget for the upcoming fiscal year.

2. Compute the companys predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.

Complete this question by entering your answers in the tabs below.

Required 1

Required 2

Prepare the companys manufacturing overhead budget for the upcoming fiscal year. (Round "Variable manufacturing overhead rate" answers to 2 decimal places.)

Yuvwell Corporation

Manufacturing Overhead Budget

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Year

Variable manufacturing overhead rate

Variable manufacturing overhead

Fixed manufacturing overhead

Total manufacturing overhead

Cash disbursements for manufacturing overhead

Required 1

Required 2

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The direct labor budget of Yumwell Corporation for the upcoming fiscal year contains the following detalls concerning budgeted direct Lhbarthours: The company uses direct labor-hours as its overheod allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor houf and its total foxed manufacturing overheod is $48,000 per quarter. The oniy noncash isem included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter. Required: 1. Pregare the company's martufacturing overtiead budget for the upcoming fiscal year. 2. Compute the company's predetermined overheod rate (including both variable and fived manutacturing overhead, tor the upcoming fiscal yeat. Complete this question by entering your answers in the tabs below. Prepare the company's manufacturing ovorhead budget for the upcoming fucal year, (Round Varable manufocturing cvethead rate' answers to 2 decimal pipceti.)